Those directors who fail to act with due care and allow the corporation to be harmed may be held personally liable.

Name: Those directors who fail to act with due care and allow the corporation to be harmed may be held personally liable.
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Question

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Directors have a duty of care to act in the best interests of the corporation and its shareholders. Failing to fulfill this duty and causing harm to the corporation can result in personal liability for the directors.

Those Directors Who Fail to Act with Due Care and Allow