Care of a prudent manager: corresponds with the british concept of duty of care skill and diligence?
Abstract
The purpose of this article is to critically analyse the interpretation of the concept of the due managerial care and diligence and consider the requirements that a director must comply with. The method used in this article is the comparative analysis.
As a basis of the comparative analysis it is chosen the British concept of fiduciary duties and duty of care, skill and diligence which is compared with the Czech concept of the care of a prudent manager. The comparative analysis of the Czech and British concept the due managerial care and diligence is focused on the similarities and differences of those two legal systems and aims to provide suggestions based on the British judicature for the Czech legislation on the edge of the recodification.