Convert to an exponential equation.
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Definitions:
Duty of Diligence
An obligation to exercise reasonable care and diligence in the performance of obligations, typically referring to the conduct expected of directors, officers, and professionals.
Conflict of Interest
A situation where an individual's personal interests could interfere with their professional duties or responsibilities.
RMBCA
The Revised Model Business Corporation Act, which provides a model framework for the governance of corporations, intended to standardize corporate law across jurisdictions.
Board of Directors
A group of individuals elected by shareholders to oversee the management and make key decisions for a corporation.
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