It Is Unethical for a Corporate Board to Conduct a Large

question 81

True/False

It is unethical for a corporate board to conduct a large tender offer stock repurchase when the board members have private information indicating that the company's share price is too high.

---

Definitions:

Financial Planning

The process of evaluating an individual's or organization's current financial status and creating strategies to achieve future financial goals.

Social Responsibility Pyramid

A conceptual framework suggesting that businesses have multiple levels of responsibilities, from economic to ethical duties.

Legal Obligations

Duties enforced by law that an individual or organization is required to fulfill.

Ethical Responsibility

The obligation to act in a manner that is considered morally right and beneficial to society, often guiding business practices.