Asked by
jackie layne
on Nov 30, 2024
Verified
An officer or director's responsibility to exercise ordinary care and prudence in discharging duties is the:
A) duty of good faith.
B) duty of diligence.
C) fiduciary duty.
D) duty of obedience.
Duty of Diligence
The obligation to perform tasks, responsibilities, or research with careful and persistent effort to avoid harm to another party.
Fiduciary Duty
A legal obligation of one party to act in the best interest of another when entrusted with care of money, property, or sensitive information.
- Gain insight into the functions and responsibilities of corporate directors and officers, including the aspect of fiduciary duties.
Verified Answer
SG
Learning Objectives
- Gain insight into the functions and responsibilities of corporate directors and officers, including the aspect of fiduciary duties.
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