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A is a director of Corporation. A is also the CEO of Bank (and a significant shareholder). Anticipating the additional business the project will bring
A is a director of Corporation. A is also the CEO of Bank (and a significant shareholder). Anticipating the additional business the project will bring to Bank, Bank agrees to provide financing for Corporation's construction project. Bank's proposed loan to Corporation creates a conflict of interest for A that: Question 5 options: A) will require A to disgorge any profits from the transaction. B) will require A to disclose the conflict to Corporation's board of directors. C) can be solved if it is approved by Corporation's board of directors. D) b and c
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