A Director Is Disqualified from Taking Part in Corporate Action

question 35

True/False

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

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Definitions:

Triple Bottom Line

An accounting framework that incorporates three parts of sustainability: social, environmental, and financial performance.

Sustainable Development

Conducting business in a way that protects the natural environment while making economic progress.

Social Audits

Evaluations of an organization's social impact, policies, and practices, often concerning its contributions to social responsibility and ethical standards.

Environmental Scans

The process of gathering, analyzing, and dispending information for strategic purposes from the external and internal environments of an organization.