A Director Uses Inside Information to Trade the Corporation's Stock

A director uses inside information to trade the corporation's stock for personal profit. Which of the following is true of the director's liability?

A) He cannot be held responsible because the corporation provides immunity.
B) He cannot be held responsible unless his trades hurt the company's value.
C) He cannot be held responsible unless the board of directors prohibited his trades.
D) He can be held responsible for violating the business judgment rule.
E) He can be held responsible for breaching his fiduciary duty to the shareholders from whom the stock was purchased.