Common use of Standard of Care; Fiduciary Duties; Liability of Directors and Officers Clause in Contracts

Standard of Care; Fiduciary Duties; Liability of Directors and Officers. (a) Unless otherwise determined by the Board of Directors, including a Fiat Director, the business, affairs and operations of the Company shall be conducted in a prudent manner in accordance with international automotive practices. The Board of Directors, including a Fiat Director, shall adopt corporate ethics, anti-bribery, anti-corruption, safety, environmental and other policies at least equivalent to those applicable to Fiat Parent.

Standard of Care; Fiduciary Duties; Liability of Directors and Officers. (a) Unless otherwise determined by the Board of Directors, including a Fiat Director, the business, affairs and operations of the Company shall be conducted in a prudent manner maniner in accordance with international automotive practices. The Board of Directors, including a Fiat Director, shall adopt corporate ethics, anti-bribery, anti-corruption, safety, environmental environmnental and other policies at least equivalent to those applicable to Fiat Parent.