Fiduciary Duty: Olav, a retired banker, served on the board of directors for a nationally prominent charitable organization. The local chapter of the charity discussed plans to purchase and relocate to a new building across town. Olav approached Mansfield, a close friend, and the two of them quickly closed on a deal for the new building, purchasing it for $1.2 million and placing title in Mansfield's name only. When the matter later came before the board of the charitable organization, Olav encouraged the organization to make an offer of $1.6 million to Mansfield. Olav did not disclose to the board that he would share in the profits of the sale.

1.Is OLav violating his fiduciary duty? Please define & explain why or why not

2. Is OLav Violating his duty of Loyalty? Please define & explain why or why not

3. Is Mansfield violating his fiduciary duty? Please define and explain why or why not

4. Is this an example of a proxy dispute? Please define and explain why or why not

References must be from scholarly articles. Intext and full citation in APA