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

---

Definitions:

Developmental Psychology

The field of psychology that studies how people grow and change throughout their lives, from infancy to old age.

Person-Environment Fit

A psychological theory that posits individuals will be more satisfied and perform better when their characteristics match the demands of their environment.

Career Counseling

A professional service aimed at helping individuals make informed decisions about their career paths and facing career challenges.

Worker Productivity

A measure of the output of goods and services produced by a worker within a specific period.