The exercise of care,diligence,and skill in the performance of their duties is seldom enough to reduce the exposure to personal liability that corporate directors face.

Question

Quizplus · Accepted Answer

Corporate directors can significantly reduce their exposure to personal liability by exercising care, diligence, and skill in the performance of their duties, as this demonstrates they are acting in the best interests of the corporation and in accordance with their fiduciary duties.

The Exercise of Care,diligence,and Skill in the Performance of Their