In Peoples Department Stores V

question 13

Multiple Choice

In Peoples Department Stores v.Wise (2004) ,244 DLR (4th) 564 (S.C.C.) ,the court noted that it may be legitimate for directors to consider inter alia the interests of shareholders,employees,suppliers,creditors,consumers,governments,and the environment.How does this ruling affect the fiduciary duty owed by directors to act in the best interests of the corporation?

• A) complicating, as they are now bound to consider these outside interests
• B) inconsequential, as they are not bound to consider those interests
• C) duties to the corporations are confounded by duties of corporate social responsibility
• D) inconsequential, as the duty owed to the corporation is relieved by social responsibility

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Definitions:

Opposable Thumb

An opposable thumb is a unique feature of primates, allowing the thumb to touch the tips of other fingers on the same hand, improving grip and manipulative skills.

Cerebral Volume

The total volume of the brain's cerebral cortex, important for brain function and often studied in relation to various neurological and psychological conditions.

Mammary Glands

Specialized organs in mammals that produce milk to nourish newborns.

Dorsal Hollow Nerve Cord

A distinctive feature of chordates, forming the central nervous system's basis.