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What is the difference between the consequences

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Question - What is the difference between the consequences for a director's breach of the statutory duty of care and the director's breach of the statutory duty of good faith?

a. For a breach of the statutory duty of care, civil penalty provisions apply, whereas for breach of the statutory duty of good faith, civil penalty provisions as well as criminal penalties apply.

b. For a breach of the statutory duty of good faith, civil penalty provisions apply, whereas for breach of the statutory duty of care, civil penalty provisions as well as criminal penalties apply.

c. For a breach of the statutory duty of care, civil penalties in the form of director disqualification apply, whereas for breach of the statutory duty of good faith, civil penalties in the form of director disqualification do not apply.

d. For a breach of the statutory duty of care, civil penalties in the form of pecuniary penalties apply, whereas for breach of the statutory duty of good faith, civil penalties in the form of pecuniary penalties do not apply.

Reference no: EM133002466

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