Which of the following is not an available remedy for failing to obtain shareholder approval for specific transactions?
A) the transaction is voidable
B) the director may account to the company for any profits
C) the director may have to indemnify the company
D) the director is disqualified
Correct Answer:
Verified
Q1: Damages for breach of duty to exercise
Q2: Which of the following circumstances can result
Q3: What is a disqualification undertaking?
A) same as
Q4: Which of the following is prohibited by
Q5: After a breach of duty a director
Q6: For which of the following issues cannot
Q8: Equitable compensation for breach of duty by
Q9: Which of the following is not an
Q10: A disqualification order does not prevent a
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