An officer or director's responsibility to exercise ordinary care and prudence in discharging duties is the:
A) duty of good faith.
B) fiduciary duty.
C) duty of diligence.
D) duty of obedience.

Question

Quizplus · Accepted Answer

The duty of diligence refers to the responsibility of an officer or director to exercise ordinary care and prudence in the management and administration of an organization, ensuring they act in the best interest of the organization and its stakeholders.

An Officer or Director's Responsibility to Exercise Ordinary Care and Prudence