If a Director Commits a Breach of Fiduciary Duty, the Shareholders

question 47

True/False

If a director commits a breach of fiduciary duty, the shareholders have the inherent power to remove the director from office by a majority vote.

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Definitions:

Self-actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Positive Communication

The practice of conveying messages in a constructive, encouraging, and optimistic manner to foster effective interpersonal interactions.

Harmonious

Describes a situation or combination of elements that are in a coherent and pleasing arrangement, often in reference to sound or music.

Rapport

A positive relationship based on mutual trust, understanding, and emotional affinity.