Nationwide Companys chief financial officer resigns. After a personnel search, an investigation, and an interview, the board
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Nationwide Company’s chief financial officer resigns. After a personnel search, an investigation, and an interview, the board of directors hires Anton. Anton turns out to be dishonest. Nationwide’s shareholders sue the board. The board’s best defense is
a. the business judgment rule.
b. the directors’ duty of care.
c. the directors’ duty of loyalty.
d. a shareholder’s derivative suit.
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Related Book For
Business Law Text And Exercises
ISBN: 9780357717417
10th Edition
Authors: Roger LeRoy Miller, William E. Hollowell
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