One of the duties owed by directors to the corporation is that a director must not take an opportunity belonging to the corporation.

Question

Quizplus · Accepted Answer

This duty is known as the duty of loyalty, and it requires directors to act in the best interests of the corporation and to avoid taking opportunities that rightfully belong to the corporation. This duty is designed to prevent directors from using their position for personal gain at the expense of the corporation.

One of the Duties Owed by Directors to the Corporation