Which TWO of the following describe the level of knowledge, skill and experience required by a director in order to meet their statutory duty to exercise reasonable, skill, care and diligence?
(1) The knowledge, skill and experience that the director actually has
(2) The knowledge, skill and experience expected of the director by the board of directors
(3) The knowledge, skill and experience that is reasonably expected of a person carrying out the functions of the director
(4) The knowledge, skill and experience that the members of the company believe the director to actually have