157(1) A director shall at all times act honestly (directors must act in good faith in the interests of the company) and use reasonable diligence in the discharge of the duties of his office.
157(2) A director shall not make improper use (insider trading or conflict of interests) of any information acquired by virtue of his position as an officer or agent of the company to gain an advantage for himself or for any other person or to cause detriment to the company.