Under the Revised Act, Brafford, a Director Who Is a Member

question 6

True/False

Under the Revised Act, Brafford, a director who is a member of the board that declares an illegal dividend, may be but is not under all circumstances personally liable to the company for the amount that is illegal even if she personally voted for the distribution contrary to the company's charter.

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Definitions:

Cross-Functional Team

A group of people with different expertise and from different departments within an organization, working together towards a common goal.

Interpersonal Skills

Abilities that facilitate effective communication and interaction with others.

Compromising Style

An approach to conflict resolution where parties involved find a mutually acceptable solution that partially satisfies everyone.

Conflicting Goals

Describes a situation in which two or more parties have objectives that are at odds with each other, potentially leading to disagreements or conflict.