One of the Fiduciary Duties of Directors Is the Duty

question 74

Multiple Choice

One of the fiduciary duties of directors is the duty not to compete with the corporation.They may pursue their own business interest, but they may not:

• A) use corporate facilities to do so.
• B) hire away personnel for their own business.
• C) use corporate resources do do so.
• D) All of the answer choices are correct.

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Definitions:

Role-Plays

A training or learning technique where individuals act out roles in specific scenarios to practice skills, behaviors, or problem-solving in a controlled environment.

Participant

A person who takes part in something, such as an event, activity, or study.

Assessed

To be assessed means to be evaluated or measured in terms of performance, quality, or value.

Lateral Moves

A job change within an organization to a position of similar status and pay, offering professional growth without upward promotion.