Irectors are sufficiently well protected by company law to enable them to take risky decisions.
This answer requires the candidate to evaluate the protections offered
by the judiciary when interpreting company law provisions relating to
management discretion. While both sides of the argument need to be
addressed, the stronger argument lies in agreeing with the statement,
given the judgesa historic deference to managerial decision-making
across the range of directorsa duties. It is only in the area of conflict of
interest that the judiciary have had a strict approach to directorsa