Directors have a duty to be honest and to use prudent business judgment in the conduct of corporate affairs.

Name: Directors have a duty to be honest and to use prudent business judgment in the conduct of corporate affairs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Directors have fiduciary duties, including the duty of care and the duty of loyalty, which require them to act honestly and make decisions in the best interest of the corporation using prudent business judgment.

Directors Have a Duty to Be Honest and to Use