Nordex Corporation is in the business of manufacturing furniture.Because the industry has matured,Nordex is considering adding a new product line,manufacturing plastic products such as casings for telephones and videotapes.No director will have a personal interest in the decision to expand into those lines.To avoid liability for making a poor decision,what standard of conduct should Nordex's board of directors comply with? Briefly explain what the board must do to comply with that standard.

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The Answer of Nordex Corporation is in the business of manufacturing furniture.Because the industry has matured,Nordex is considering adding a new product line,manufacturing plastic products such as casings for telephones and videotapes.No director will have a personal interest in the decision to expand into those lines.To avoid liability for making a poor decision,what standard of conduct should Nordex's board of directors comply with? Briefly explain what the board must do to comply with that standard.

Nordex Corporation Is in the Business of Manufacturing Furniture