The duty of ________ requires corporate directors and officers to use diligence when acting on behalf of the corporation.

Question

Quizplus · Accepted Answer

The duty of care requires directors and officers to act with the level of diligence that a reasonably prudent person would use under similar circumstances. This includes making informed decisions, conducting due diligence, and paying attention to the details in order to protect the corporation's interests.

The Duty of ________ Requires Corporate Directors and Officers to Use