Question
Suzie Cue is the director of Ever-Young Spa Services Inc.(Ever-Young), a corporation that owns and manages several health spas. The board of directors of Ever-Young
Suzie Cue is the director of Ever-Young Spa Services Inc.("Ever-Young"), a corporation that owns and manages several health spas. The board of directors of Ever-Young is searching for a new company to provide luxury beauty soaps and lotions for their spas. Suzie tells the board about a luxury beauty supply company called Superior Beauty Supplies Ltd. ("Superior") that would provide the soaps and lotions they are seeking. Suzie does not tell the board that she owns 50% of the shares in Superior. At the last directors' meeting for Ever-Young, Suzie and her fellow directors voted to approve a lucrative contract with Superior to supply all of their spas with lotions and soaps.
Did Suzie breach any of her duties as a director of Ever-Young? Explain your answer identifying the specific requirements under the OBCA. (4 marks)
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