(1) A director of an ICAV shall -
(a) act in good faith in what the director considers to be the interests of the ICAV,
(b) act honestly and responsibly in relation to the conduct of the affairs of the ICAV,
(c) act in accordance with the instrument of incorporation of the ICAV and exercise his or her powers only for the purposes allowed by law,
(d) not use the ICAV’s property, information or opportunities for his or her own or anyone else’s benefit unless -
(i) that is expressly permitted by the ICAV’s instrument of incorporation, or
(ii) the use has been approved by a resolution of the ICAV in general meeting,
(e) not agree to restrict the director’s power to exercise an independent judgement unless -
(i) that is expressly permitted by the ICAV’s instrument of incorporation,
(ii) the case concerned falls within subsection (2), or
(iii) the director’s agreeing to such has been approved by a resolution of the ICAV in general meeting,
(f) avoid any conflict between the direc
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