CompuDream Ltd. has been led by its imaginative founder, Frank Foresee, for the past 15 years. Frank is thought to be one of the top corporate leaders of the day. Unfortunately, Frank has just discovered that he has terminal cancer. Does this information have to be disclosed?
A) The information does not have to be disclosed until Frank dies.
B) The information does not have to be disclosed until Frank is unable to make further contributions to the company.
C) The information has to be disclosed fairly soon.
D) The information has to be disclosed in the annual report.
E) None of the responses are correct.
Correct Answer:
Verified
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