Which answer best describes directors' obligations regarding conflicts of interest?

a.

None of the other answers is correct

b.

Directors are never exposed to potential conflicts of interest if they do their jobs properly

c.

Directors may place their interests ahead of the interests of the company if they disclose the conflict

d.

Directors must avoid conflicts even if they cause no serious financial disadvantage to the company

e.

Directors may place their interests ahead of the interests they represent if there is no serious financial consequence for the company