CORPORATION LAW

Title: MERGER AND,ACQUISITION

FACTS: You are an independent member of the board of directors of Corpsfun Corporation.

Wowbank's company offer is a $7 or $39 per share premium. Shareholders, the firm, workers, consumers, and the community may profit from Wowbank's offer. You decide to accept the offer from Wowbank. Than other corporation However, the market does not react as positively as you would like. As you begin the process of moving from closing to signing, your chief data privacy officer comes to you about a significant data breach. Although they had some signs of it before, they can now definitively determine that what they thought was a minor data breach is actually a data breach that impacted millions of your customers' information.She points out that they had some early signs of the data breach, but they weren't sure about the extent of it. They didn't really do a deeper investigation until they were getting some information together as part of the sale.

She also notes that she had requested funds to make deeper investments in cyber security. However, as the company was short on cash, the board did not approve those funds.

QUESTIONS:

How would you respond? Think about the following questions:

1. What do you do with this information?

2. How might you be socially responsible in this situation?

3. To whom are you responsible?

Give the reference