You are a director of the PML Corporation.The company needs land to expand its production facilities.You mention to the president that you presently own 50 acres of suitable land,and suggest that she request the board to consider this purchase.What steps should you take to minimize your liability and ensure that the transaction cannot be successfully challenged by the shareholders?

Question

Quizplus · Accepted Answer

The Answer of You are a director of the PML Corporation.The company needs land to expand its production facilities.You mention to the president that you presently own 50 acres of suitable land,and suggest that she request the board to consider this purchase.What steps should you take to minimize your liability and ensure that the transaction cannot be successfully challenged by the shareholders?

You Are a Director of the PML Corporation