A director's duties to the corporation and shareholders do not include a

Question

Quizplus · Accepted Answer

Directors are required to perform their roles with a duty of care and loyalty, acting in the best interest of the corporation and its shareholders. However, it is not practical or required for them to have firsthand knowledge of all business affairs of the corporation. They rely on reports and information from officers and employees to make informed decisions.

A Director's Duties to the Corporation and Shareholders Do Not