Roy is a director of Sales Service Inc. Sales enters into a contract with TeleCenter Corporation in which Roy has a personal interest. Roy must
A) apply the "don't ask, don't tell" rule of personal conduct.
B) use the situation to his personal advantage.
C) make a full disclosure of the conflict of interest.
D) eliminate the conflict by resigning from Sales Service.

Question

Quizplus · Accepted Answer

Roy must make a full disclosure of the conflict of interest to ensure transparency and maintain trust, as directors have a fiduciary duty to act in the best interest of the company.

Roy Is a Director of Sales Service Inc