Acts and Regulations

2013, c.7 - Electricity Act

Section 25
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Full text
Duty of care of directors and officers
25(1)Every director and officer of the Corporation in exercising his or her powers and discharging his or her duties shall
(a) act honestly and in good faith in the best interests of the Corporation, and
(b) exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances in the best interests of the Corporation.
25(2)Every director and officer of the Corporation shall comply with this Act, the regulations and the by-laws of the Corporation.
25(3)A director or officer of the Corporation who exercises his or her powers or discharges his or her duties in accordance with this Act, the regulations or the by-laws of the Corporation shall be deemed to act in the best interests of the Corporation.
Duty of care of directors and officers
25(1)Every director and officer of the Corporation in exercising his or her powers and discharging his or her duties shall
(a) act honestly and in good faith in the best interests of the Corporation, and
(b) exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances in the best interests of the Corporation.
25(2)Every director and officer of the Corporation shall comply with this Act, the regulations and the by-laws of the Corporation.
25(3)A director or officer of the Corporation who exercises his or her powers or discharges his or her duties in accordance with this Act, the regulations or the by-laws of the Corporation shall be deemed to act in the best interests of the Corporation.