Daisy is a director of Extraction Corporation. She opposes an offer to merge Extraction with Fill Inc. because she would lose her board position. If the merger otherwise is a good deal for the company, Daisy is most likely liable for breach of
A) the duty of care.
B) the business judgment rule.
C) the duty of loyalty.
D) the duty of notice.

Question

Quizplus · Accepted Answer

Daisy is likely breaching the duty of loyalty, as she is putting her personal interests above the best interests of the company by opposing a beneficial merger to retain her board position.

Daisy Is a Director of Extraction Corporation