Question
In Suk is a vice president and a member of the board of directors of ABC Corporation. In her role as a director and corporate
In Suk is a vice president and a member of the board of directors of ABC Corporation. In her role as a director and corporate officer, she is aware of a new product development that will greatly enhance ABC's competitive position. It is quite possible that this innovation will greatly erode the competitive position of ABC's greatest rival. That rival is XYZ Corporation. In Suk's long-time, best friend from childhood and schoolSunais the CEO of XYZ and is likely to be fired if ABC takes away much of XYZ's market share. Which of the following actions by In Suk are legally permissible?
Group of answer choices
A. Before the announcement, In Suk buys additional shares of ABC stock for herself so she can earn enough extra money to help Suna.
B. Before the announcement, In Suk informs Suna's mother of the new launch so the mother can buy shares of ABC stock and earn enough extra money to help Suna.
C. In Suk meets with XYZ Corporation and promises that ABC will limit its production of the new product for six months so XYZ has time to prepare for the increased competition.
D. All of the above are legally permissible.
E. None of the above is legally permissible.
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