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 in doing so they may not:

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

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Definitions:

Institutional Demands

Expectations or requirements imposed by organizational or societal institutions.

Jotted Notes

Brief pieces of information written down quickly to aid memory or reference.

Mental Notes

Informal, non-written reminders or observations that an individual makes mentally during research or daily activities.

Complete Notes

Detailed and thorough written records taken during observations or research to capture all relevant information.