Skip to main content

In This Volume

16 (1) A director or senior officer of the Authority, when exercising the powers and performing the duties and functions of a director or senior officer of the Authority, must do all of the following:

  • (a) act honestly and in good faith with a view to the best interests of the Authority;
  • (b) exercise the care, diligence and skill that a reasonably prudent individual would exercise in comparable circumstances;
  • (c) act in accordance with this Act, the regulations and the bylaws.
  • (2) This section is in addition to, and not in derogation of, any enactment or rule of law or equity relating to the duties or liabilities of directors and officers of a corporation.

2004-66-16, effective November 19, 2004 (B.C. Reg. 496/2004).