Martin Is a Newly Elected Director of the Alliance Corporation

question 41

Multiple Choice

Martin is a newly elected director of the Alliance Corporation. After being told of what would be expected of him, he is not sure he wants the position. However, upon investigating, he finds out that the only thing he will be liable for is

• A) to act with the professional standards of a director.
• B) employee wages if the corporation becomes insolvent.
• C) to exercise a high standard of care, diligence, and skill.
• D) to attend all regularly scheduled board of director meetings.
• E) to study items on the agenda before each director's meeting.