The duty of care requires corporate directors and officers to use care and diligence when acting on behalf of the corporation.

Question

Quizplus · Accepted Answer

The duty of care is a legal obligation that requires corporate directors and officers to act in the best interest of the corporation and exercise care and diligence in performing their duties. It is a fundamental duty for corporate leadership and failure to meet this duty could result in legal consequences.

The Duty of Care Requires Corporate Directors and Officers to Use