Case law on directors' duties

Directors' duties are legal obligations that individuals serving as company directors must follow. Key duties include acting in the best interest of the company, exercising care and skill, and avoiding conflicts of interest. Case law, which consists of judicial decisions, helps clarify these duties. For example, cases like *Re Barings plc* and *Cook v. Deeks* illustrate the importance of accountability and loyalty to a company. If directors fail in these duties, they can face legal consequences, including personal liability for losses to the company. Overall, case law shapes how directors should ethically and responsibly manage their organizations.