A Director Who Refuses to Disclose His Interest in Another

question 38

True/False

A director who refuses to disclose his interest in another company at a directors meeting where the purchase of the other business is being voted on has committed a breach of trust.

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Definitions:

Underestimate

To judge something to be smaller, less important, or less likely than it actually is.

Overestimate

To assess something as more significant or larger than it actually is based on mistaken or exaggerated beliefs.

Dizygotic

Referring to twins that develop from two different eggs fertilized by two different sperm, making them genetically distinct, similar to siblings born at different times.

Identical Twins

Twins resulting from the splitting of a single fertilized egg, sharing the same genetic material and often having very similar appearances.