A director who personally competes with the corporation he is employed in would be in breach of duty of obedience.

Name: A director who personally competes with the corporation he is employed in would be in breach of duty of obedience.
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Question

Quizplus · Accepted Answer

A director competing with their corporation would be in breach of the duty of loyalty, not the duty of obedience. The duty of loyalty requires directors to act in the best interest of the corporation and avoid conflicts of interest.

A Director Who Personally Competes with the Corporation He Is