While officers, as agents of a corporation, owe an agent's duty of obedience, diligence, and loyalty to the corporation, this is not true of directors.

Question

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Directors of a corporation also owe duties of obedience, diligence, and loyalty to the corporation, similar to the duties owed by officers. These fiduciary duties require directors to act in the best interest of the corporation and its shareholders.

While Officers, as Agents of a Corporation, Owe an Agent's