GAM Statistics Limited is a company registered in Malta, which has as its sole director Matthew. The company is engaged in the development of software for the i-gaming industry and is doing extremely well. Matthew meets up with James, also a software developer who has recently won a tender. James encourages Matthew to leave GAM Statistics and set up a company together.Required:

(a) In the light of the provisions of the Companies Act, 1995 explain the general duties of directors. (6 marks)