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Prime Corporation (Prime) is in the business of manufacturing furniture. Because the industry has matured, Prime is considering adding a new product line, manufacturing plastic
Prime Corporation (Prime) is in the business of manufacturing furniture. Because the industry has matured, Prime 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. (20%) To avoid liability for making a poor decision, what standard of conduct should Prime's board of directors comply with? What must the board do to comply with that standard? Discuss in full details
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