Which of the following is a business law professor most likely to indicate as being the reason for the codifying of the standard of care of a corporation's directors and officers?
A) The law required an objective standard to ensure fiduciaries strive for perfection.
B) The unduly low common law standard of care compromised the duty of competence.
C) Fiduciaries had to exhibit a greater degree of skill than could reasonably be expected.
D) Fiduciaries were held to an unreasonably exacting duty of competence.
Correct Answer:
Verified
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