Companies Act (Cap. 386), article 147

147. (1) The personal liability of the directors in damages for any breach of duty shall be joint and several: Provided that where a particul ar duty has been entrusted to one or more of the directors, only such director or directors s hall be liable in damages. (2) A director shall not be liabl e for the acts of his co-direct ors if he proves either - 98 CAP. 386.] COMP ANIES (a) that he did not know of the breach of duty before or at the time of its occurrence and that on becoming aware of it after its occurrence he signified forthwith to the co-directors his disse nt in writing; or (b) that, knowing that the co-directors intended to commit a breach of duty, he too k all reasonable steps to prevent it. Provisions as to liability of officers and auditors.