The action of an officer or director in taking personal advantage of a business opportunity that rightfully belongs to the corporation is known as ________.

Question

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Seizing of a corporate opportunity refers to a situation where an officer or director of a corporation takes advantage of a business opportunity that rightfully belongs to the corporation for their personal benefit. This action is a violation of their fiduciary duty to act in the best interests of the corporation and is considered an unethical and potentially illegal practice. Choices A, B, and C refer to other types of unethical or illegal practices related to corporate governance, but they are not specifically related to seizing a corporate opportunity.

The Action of an Officer or Director in Taking Personal