One of the fiduciary duties of directors is the duty not to compete with the corporation.They may pursue their own business interest, but they may not:
A) use corporate facilities to do so.
B) hire away personnel for their own business.
C) use corporate resources do do so.
D) All of the answer choices are correct.

Question

Quizplus · Accepted Answer

All of the choices listed (A, B, C) are examples of actions that would violate a director's duty not to compete with the corporation. This duty prohibits directors from using corporate resources, facilities, or personnel for personal gain or to support their own separate business ventures.

One of the Fiduciary Duties of Directors Is the Duty