A corporate director commits a breach of duty if
A. The director's exercise of care and skill is minimal.
B. A contract is awarded by the company to an organization owned by the director.
C. An interest in property is acquired by the director without prior approval of the board.
D. The director's action, prompted by confidential information, results in an abuse of corporate opportunity.
Answer: D. The director's action, prompted by confidential information, results in an abuse of corporate opportunity.
You might also like to view...
According to Theodore Levitt, technology has resulted in the emergence of global markets for standardized consumer products on a previously unimagined scale of magnitude
Indicate whether the statement is true or false.
Scope reporting not only identifies the type of information that will be reported, but also to whom it will be reported and with what frequency
Indicate whether the statement is true or false