Business Pitch Dictionary by pitch.dog
Boards, directors & committees · Core

Duty of care

Also called: care duty

ELI5

A director's duty to act with the care, skill and diligence required by applicable law.

Used in conversation

“The minutes should record the decision on duty of care, not reconstruct it later.”

Pitch context

You will see “Duty of care” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches boards, directors & committees.

Why it matters: In boards, directors & committees, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Sources & evidence · 3

Direct term-level sources and supporting source families.