What actions must a director or officer take to avoid liability when a corporation enters into a contract or engages in a transaction in which an officer or director has a material interest ...

The director or officer must make a full disclosure of the interest and must abstain from voting ...

What actions must a director or officer take to avoid liability when a corporation enters into a

Question:

What actions must a director or officer take to avoid liability when a enters into a contract or engages in a transaction in which an officer or director has a material interest?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...