This duty of due care applies to the investment of corporate funds.

Such a proceeding allows officers and directors to be sued to prevent a diversion, loss, or waste of corporate funds or property.

He was free to make personal use of the corporate funds for himself and family when and if he chose to do so.

But that's not what these tools corporate funds are meant for.

The new statue disallowed the use of corporate funds to purchase advertising to influence the outcome of referendum elections, unless the corporations business interests were directly involved.