Examlex
Lobate scarps are believed to have formed on the Moon when its interior cooled and shrank.
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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