Stephen,the chief of operations of an insurance company,accepts bribes in exchange of expediting paperwork regarding applications for certain insurance policies.In terms of the duty of loyalty,Stephen's behavior is an example of ________.

Question

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Stephen's behavior of accepting bribes in exchange for expediting paperwork is an example of making a secret profit. This goes against the duty of loyalty that requires officers and directors to act in the best interest of the corporation and not use their position for personal gain.

Stephen,the Chief of Operations of an Insurance Company,accepts Bribes in Exchange