Directors Have a Personal Liability for All of the Following

question 11

Multiple Choice

Directors have a personal liability for all of the following except

• A) losses from a corporate ultra vires act.
• B) failure to make filings under corporate legislation.
• C) employee wages outstanding on bankruptcy.
• D) dividends that impair the corporate capital.
• E) losses arising from a good faith business decision.

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Definitions:

Path-Goal Leadership Theory

A theory that suggests leaders can adjust their behavior and style to influence the motivation, satisfaction, and performance of their team, aligning with the team's goals and the tasks at hand.

Directive Leadership

A leadership style characterized by giving clear, explicit instructions and expecting compliance from team members.

Task Objectives

Specific goals associated with a task, outlining what needs to be achieved for successful completion.

Supportive Leadership

A leadership style that prioritizes the well-being and development of team members, offering help, resources, and encouragement.