Modern Corporation is in the business of manufacturing furniture. Because the industry has matured, Modern is considering adding a new product line, manufacturing plastic products such as cases for compact discs. No director will have a personal interest in the decision to expand into those lines.

To avoid liability for making a poor decision, what standard of conduct should Modern's board of directors comply with? What must the board do to comply with that standard? discuss fully.

Provide the issue, rule, and facts. Use IRAC format.