In the Unocal Corp.v.Mesa Petroleum Co.case,the court said the board of directors could act with the primary goal of keeping themselves in office.

Question

Quizplus · Accepted Answer

In the Unocal Corp. v. Mesa Petroleum Co. case, the court ruled that while a board of directors is allowed to consider their own self-interest when making decisions, they cannot act solely for the purpose of entrenchment and not in the best interest of the company and its shareholders. Therefore, the board of directors cannot act with the primary goal of keeping themselves in office.