Under Common Law, Directors Must Not Place Themselves in a Position

question 11

Multiple Choice

Under common law, directors must not place themselves in a position where there is an actual or substantial possibility of a conflict of interest between their personal interest and their duty to act in the interests of the company without notifying the company.Which of the following phrases is not a description of what a 'conflict of interest' is?

• A)Serving two masters
• B)Self-dealing
• C)Insolvent personal dealing
• D)Related party transactions

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Definitions:

Cross-cultural Competencies

The knowledge, skills, and attributes required to effectively operate or interact in different cultural contexts, crucial for global leadership and international relations.

Discrimination

Unfair or prejudiced treatment of individuals or groups based on characteristics such as race, gender, age, or sexual orientation.

Worldwide Business

The conduct of trade, investment, and operational activities that transcend national borders, encompassing a global scope.

Culture, Leadership, and Organizations

This term refers to the study of how cultural norms and values, leadership styles, and organizational structures interact and influence each other.