Question
1.Officers and directors are considered fiduciaries of the corporation.Which is one of their fiduciary duties a.Duty of care. b.Duty of loyalty. c.Duty to make informed
1.Officers and directors are considered fiduciaries of the corporation.Which is one of their fiduciary duties
a.Duty of care.
b.Duty of loyalty.
c.Duty to make informed decisions.
d.All of the above.
2.Maribel P. accepts an invitation to join the board of directors of a fast-growing tech company.She has been advised by her attorney that the 'business judgment rule' protecting corporate directors from liability for bad business decisions they make or approve will apply, provided that the director
a.Provides overall supervision of officers and executive management.
b.Accepts proposals put forth by management that do not require 'second guessing'.
c.Avoids conflicts of interest between his or her personal interest and that of the company.
d.Both a. and c.
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