A Stockholder-Approved Amendment to the Certificate of Incorporation May Indemnify

question 14

Multiple Choice

A stockholder-approved amendment to the certificate of incorporation may indemnify directors who: ______.

• A) acted in bad faith.
• B) acted negligently.
• C) breached their duty of loyalty.
• D) gained an improper personal benefit.

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Definitions:

Loftus

Refers to Elizabeth Loftus, a prominent psychologist known for her research on human memory, particularly on the malleability of eyewitness memory.

Nondeclarative Memories

Memories that are acquired and retrieved unconsciously, including procedural memories such as how to ride a bicycle.

Hippocampus

A major component of the brain in humans and other vertebrates, associated with memory forming, organizing, and storing.

Temporal Lobes

are regions of the cerebral cortex located beneath the lateral fissure on both cerebral hemispheres of the brain, involved in processing auditory information and encoding memory.