If an officer diverts a corporate opportunity, the corporation may not recover from the officer the profits of which the corporation has been deprived.

Question

Quizplus · Accepted Answer

Under the corporate opportunity doctrine, if an officer diverts a corporate opportunity, the corporation can indeed recover from the officer the profits of which the corporation has been deprived. This is because officers owe a fiduciary duty to the corporation, including the duty not to take for themselves opportunities that belong to the corporation.

If an Officer Diverts a Corporate Opportunity, the Corporation May