Cal. Corp. Code § 309
(b) In performing the duties of a director, a director shall be entitled to rely on information, opinions, reports or statements, including financial statements and other financial data, in each case prepared or presented by any of the following:
(3) A committee of the board upon which the director does not serve, as to matters within its designated authority, which committee the director believes to merit confidence,
so long as, in any such case, the director acts in good faith, after reasonable inquiry when the need therefor is indicated by the circumstances and without knowledge that would cause such reliance to be unwarranted.