Glen is a director and shareholder of Eagle Corporation and of Fine Products, Inc. A resolution comes before the Eagle board to compete with Fine Products. What is Glen’s responsibility?

Todd is a director and officer of United Sales, Inc. Todd makes a market­ing decision that results in a dramatic decrease in profits for United and its shareholders. The shareholders accuse Todd of breaching his fiduci­ary duty to the corporation. What is Todd’s best defense against this ac­cu­sation? Later, a resolution comes before the United board to compete with VeriFine Products, Inc. Todd is a director and shareholder of VeriFine. What is Todd’s responsibility in this situation?