A director of Kuolema Publishing Company Ltd. marries a director of a competitor, Finlandia Publishing Ltd. The shareholders of Kuolema Publishing are concerned about confidential information being passed between the two companies
Which of the following is true?
A) There is nothing the shareholders can do as people are free to marry whomever they choose.
B) The marriage is a breach of the fiduciary obligations owed to the corporation.
C) Only a president or senior officer owes a fiduciary duty to the corporation.
D) The mere possibility that the director will share confidential information does not constitute a breach of fiduciary duty.
E) Both A and C
B
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