Officers owe a duty of care to the directors but not to the corporation and its shareholders.

Name: Officers owe a duty of care to the directors but not to the corporation and its shareholders.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Officers owe a duty of care to both the corporation and its shareholders, as well as to the directors. This duty of care requires them to act prudently, in good faith, and in the best interests of the corporation and its stakeholders. Failure to fulfill this duty may result in legal liability for the officer.

Officers Owe a Duty of Care to the Directors but Not