Asked by
Georgia McMullen
on Nov 30, 2024Verified
One of the fiduciary duties of directors is the duty not to compete with the corporation. They may pursue their own business interest, but they may not:
A) use corporate resources do do so.
B) hire away personnel for their own business.
C) use corporate facilities to do so.
D) All of the answer choices are correct.
Fiduciary Duties
Obligations of loyalty and care that one party, the fiduciary, owes to another, such as a trustee to its beneficiaries.
Corporate Resources
Assets, both tangible and intangible, that a corporation possesses and can utilize to achieve its objectives, including financial, human, and technological resources.
- Comprehend the duties and obligations of corporate directors and officers, including fiduciary duties.
Verified Answer
CB
Learning Objectives
- Comprehend the duties and obligations of corporate directors and officers, including fiduciary duties.
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