Which of the following is true regarding inside directors and outside directors?
A) Neither an inside director nor an outside director may be an officer of the corporation of which they are a director.
B) An outside director may be an officer for the corporation for which he or she is a director, but an inside director may not.
C) An inside director is a person who is also an officer of the corporation, while an outside director is not.
D) An outside director may not be a director of any other corporation.
E) An inside director must be a resident of the state of incorporation.
Correct Answer:
Verified
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