Which of the following is not true about corporate directors?
A) the initial board is often specified in the articles of incorporation
B) directors are subject to a fiduciary duty of loyalty
C) directors must always act to preserve the corporation
D) directors may be removed from office for breach of duty
E) all of the other choices are true
Correct Answer:
Verified
Q333: _ requires that directors of a corporation
Q334: Directors of a corporation may be:
A) removed
Q335: Legally, the board of directors is the
Q336: If a shareholder works for the business
Q337: _ requires that directors of a corporation
Q339: In Storetrax.com v. Gurland, where Gurland, the
Q340: The governing committee of a corporation is
Q341: There are two types of dissolution of
Q342: Many states now allow groups of doctors
Q343: Professional corporations are now allowed:
A) in all
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