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:

Unconscious

Relating to the part of the mind that is inaccessible to the conscious mind but that affects behavior and emotions.

Early Childhood Experiences

Early childhood experiences encompass various events, interactions, and environments a child is exposed to from birth up until around the age of eight, which significantly influence cognitive, emotional, and social development.

Within-Family Difference

Refers to variations or disparities in traits, behaviors, or outcomes observed among members of the same family.

Child-Rearing Attitudes

The perspectives or approaches that parents and caregivers adopt in the upbringing of children.