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Under Company Law, directors are considered fiduciaries and agents of the company and hence owe a duty of care, diligence, and loyalty. Their liabilities can arise both towards the company and third parties under various circumstances. Liability towards the company: Directors are liable to the company if they breach their fiduciary duties or act negligently. If a director makes unauthorized ________ _______ ______ _____ ___ _____ _________ _______ ___ ________ ______ _________.
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