Question
The board members have a fiduciary duty to Act loyally and in the best interest of the corporation and shareholders, which includes not putting their
The board members have a fiduciary duty to Act loyally and in the best interest
of the corporation and shareholders, which includes not putting their interests above
the companys and acting without personal economic conflict. In order to comply with
a directors duty of loyalty to a corporation, what action(s) should a director take
when presented with an opportunity that is also beneficial to the Corporation?
A. Reject the opportunity and not offer it to the corporation.
B. Accept the opportunity and not offer it to the corporation.
C. Accept the opportunity and disclose the acceptance to the corporation.
D. Offer the opportunity to the corporation and accept it if the corporation rejects
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