Randall has been a member of the board of his sister's company for three years but has never actually attended a board meeting. He may be liable for failing to act.

Question

Quizplus · Accepted Answer

Board members have a fiduciary duty to participate actively in governance and oversight. Failure to attend meetings and engage in decision-making can be seen as neglecting this duty, potentially leading to liability for failing to act in the company's best interest.

Randall Has Been a Member of the Board of His