Dale, Mary and Marcos Are Directors of Little Wave Ltd

Multiple Choice

Dale, Mary and Marcos are directors of Little Wave Ltd - a public company, which sells seashells. Dale is the managing director and Mary and Marcos are non-executive directors. Mary to the chair of the board and Marcos has extensive experience in the seashell sales industry. Which of the following is incorrect:?

A) It is possible that the standard of care owed by the three directors differs due to their position and experience.
B) All the directors owe certain minimum duties to the company such as undertaking the business of the company.
C) Dale could never owe any higher duty of care compared to Mary and Dale as executive and non-executive directors owe the same standard of care.
D) Mary may owe a higher standard of care as she is the Chair.
E) Dale, as the managing director has overall responsibility for the day-to-day management of the company's business.