Mary Is a Director of a Company That Develops Expensive

question 42

Essay

Mary is a director of a company that develops expensive residential subdivisions.The company is considering attempting to purchase a large section of land on which to put a development.Mary happens to own some of the land.What duty,if any,does she have regarding disclosure and why or why not; and what steps,if any should be taken by the board when considering the matter?

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Definitions:

Fourth Amendment

A provision in the United States Constitution that protects citizens from unreasonable searches and seizures by the government.

Regulatory Violation

The act of failing to follow rules or regulations set by governmental or regulatory agencies.

Search and Seize

Legal procedures used by law enforcement where they search a person or property and confiscate any relevant evidence to a crime.

Executive Agency

A government department or unit under the direct control of the executive branch, responsible for implementing government policy and administration.