In the discharge of these functions, it is a director’s responsibility to exercise his or her duty of care (by exercising appropriate diligence in making decisions and taking other actions, as well as overseeing the management of the corporation) and his or her duty of loyalty (by exercising his or her powers as a director in good faith in the best interests of the corporation and not in his or her own interest, or in the interest of another person or organization with which he or she is associated).