A Director Is Disqualified from Taking Part in Corporate Action

question 13

True/False

A director is disqualified from taking part in corporate action with respect to a matter in which the director has a disclosed conflicting interest.

---

Definitions:

Disputes

Disputes are disagreements, conflicts, or controversies that arise between parties, which may require negotiation, mediation, arbitration, or legal action to resolve.

Project

A planned set of interrelated tasks to be executed over a fixed period and within certain cost and other limitations.

Arbitration Clause

A provision in a contract that requires disputes to be settled by arbitration rather than in court.

Employment Agreement

A legally binding contract outlining the terms and conditions of employment between an employer and employee.