If an officer diverts a corporate opportunity, the corporation may recover from the officer:

Question

Quizplus · Accepted Answer

When an officer diverts a corporate opportunity, the corporation may recover the profits it has been deprived of as a result of the diversion. This is because corporate opportunities belong to the corporation, not the individual officers, and officers have a fiduciary duty to act in the best interests of the corporation. However, the corporation can only recover the profits lost, and not any damages, wages or funds used to divert the opportunity.

If an Officer Diverts a Corporate Opportunity, the Corporation May