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Lance, a corporate officer, is present for meetings in which directors discuss potential clients. Lance realizes that he can tell his wife, who works for
Lance, a corporate officer, is present for meetings in which directors discuss potential clients. Lance realizes that he can tell his wife, who works for a competing company, about the clients that his company decides not to take on Lance also discloses what he is doing to a friend who is later elected as a director in his company. Which of the following is true in this situation?
a Lance is legally allowed to profit from this information because his company has decided not to take on those clients.
b Lance is not liable because he has informed a director about his actions and therefore is not making secrets profits.
c Lance is liable for diverting corporate opportunities to a competing firm.
d Lance is liable for breaching his duty of care toward the company.
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