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The board of directors for Glenncorp makes an investment in distribution services that ultimately result in a net loss for the company and its shareholders.
The board of directors for Glenncorp makes an investment in distribution services that ultimately result in a net loss for the company and its shareholders. Shareholders in the company may: Demand compensation for their losses in proportion to their number of shares Do nothing, as the board is protected by the business judgment rule Sign a petition to fire the board of directors Sue the board of directors.
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