When a manager compete against the corporation without its consent,he is in violation of:

Question

Quizplus · Accepted Answer

The corporate opportunity doctrine requires that managers cannot appropriate business opportunities that are within the scope of the corporation’s business and that would be of interest to the corporation without first offering the opportunity to the corporation. By competing against the corporation without its consent, the manager would be appropriating a corporate opportunity for personal gain, which is a violation of the corporate opportunity doctrine. The business judgment rule, duty of care, and self-dealing doctrine do not specifically address this type of violation.

When a Manager Compete Against the Corporation Without Its Consent,he