Which statutory general duty of directors requires a director to act in the way they consider, in good faith, would be most likely to promote the success of the company for the benefit of its members as a whole, having regard to factors such as employees and the environment?

Correct answer: C) Section 172

Explanation

Section 172 is the duty to promote the success of the company, and requires directors to have regard to factors including long-term consequences, employees' interests, relationships with suppliers and customers, the community and environment, reputation and fairness between members. Section 171 concerns acting within powers, s174 reasonable care, skill and diligence, and s177 declaring interests in proposed transactions.