What does the Duty of Care require from directors and officers?

The Duty of Care is a fundamental principle in corporate governance that requires directors and officers to act in good faith and with the care that a reasonably prudent person would use in similar circumstances. By selecting the option that emphasizes conducting duties with a belief in the best interests of the corporation, it highlights the essential responsibility of directors and officers to prioritize the organization's welfare when making decisions.

This means that they are expected to be informed, engage in reasonable decision-making processes, and act in a manner that they reasonably believe is in the best interest of the community association and its members. This duty is about being diligent, attentive, and making decisions that support the organization's goals and welfare.

The other options do not align with the Duty of Care: prioritizing personal interests undermines the obligation to act for the association’s benefit; delegating responsibilities to community members may neglect the duty activated by being in a leadership position; and avoiding conflicts of interest, while important, is a separate duty known as the Duty of Loyalty, distinct from the overriding obligations outlined in the Duty of Care.