Which of the following constitutes a breach of the duty of loyalty by a corporate officer?

Question

Quizplus · Accepted Answer

Self-dealing involves a corporate officer taking advantage of their position for personal gain, which is a clear breach of the duty of loyalty. Straight and cumulative voting relate to corporate governance and do not necessarily involve a breach of the duty of loyalty. Piercing the corporate veil refers to a legal concept where the separation between a corporation and its shareholders is disregarded, and is not an action taken by a corporate officer.

Which of the Following Constitutes a Breach of the Duty