The obligation of a company's directors to manage the corporation for the best interest of the __________ is recognized as the primary obligation of directors of a corporation.

Question

Quizplus · Accepted Answer

The language in the question implies that the blank should be filled with a singular noun, and the most logical option given the context is "corporation." This is supported by the assertion that the primary obligation of directors is to manage the corporation for its own best interest, which aligns with the traditional understanding of fiduciary duty in corporate law. The other options listed (officers, employees, community) may be relevant considerations for directors in certain circumstances, but they do not represent the core obligation of directors as described in the question.

The Obligation of a Company's Directors to Manage the Corporation