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In Chapters 39 and 40, you learned about the types of corporations that exist and the role directors and officers. Specifically, directors and officers have
In Chapters 39 and 40, you learned about the types of corporations that exist and the role directors and officers. Specifically, directors and officers have a duty of due care and loyalty to their shareholders and the corporation. What are some examples you can think of (or that you can find through an internet search) in recent headlines/news where that duty has been breached? What was the result and liability to the officer/director for violating this fiduciary duty?
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