If you are a director of a company, you must use your powers for the right reasons. This means you can’t use your position or authority in the company for anything other than what it’s meant for. You need to make sure that when you make decisions or take actions as a director, you’re doing it to help the company and not for any other purpose.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM320664.
A director must exercise a power for a proper purpose.
