ABIBLO LAW - COMPANY (2-12)

s174 Companies Act 2006
Duty to exercise reasonable care, skill and diligence. 
Originated from common duty of skill and care. 
The duty used to be undemanding.
Later adopted more robust test based on s214(4) Insolvency Act 1986
S174(2) Companies Act 2006 dual test based on objective and subjective elements.