Rich is a member of the board of directors of Playtime Corporation, a position which provides him some prestige, but no compensation. As a result of several decisions of the board, Playtime Corp. overexpanded and is in serious financial trouble. Rich missed all board meetings without excuse over a span of one and one-half years when such decisions were being made. Does Rich face any potential liability arising out of his position on the Board of Directors? No, since he was not compensated, he would have no liability No, since Rich never attended any meetings, he could not be held liable Yes, Rich's failure to attend meetings was a violation of the duty of due care he owed as a member of the Board of Directors Yes, members of the Board of Directors can be held liable whenever the corporation experiences business losses