Icc Practice Test & Exam Prep

Which statement best describes the duty of loyalty owed by a corporate director?

The director must place the corporation's interests ahead of personal financial interests and avoid undisclosed self-dealing The director must guarantee the corporation earns a profit each year The director must attend every board meeting in person The director must personally finance the corporation's operations

Correct Answer:

The director must place the corporation's interests ahead of personal financial interests and avoid undisclosed self-dealing

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