Mary is a director of a company that develops expensive residential subdivisions.The company is considering attempting to purchase a large section of land on which to put a development.Mary happens to own some of the land.What duty,if any,does she have regarding disclosure of the fact that she owns some of the land? What steps,if any should be taken by the board when considering the matter,and may the board take action that benefits Mary personally?

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The Answer of Mary is a director of a company that develops expensive residential subdivisions.The company is considering attempting to purchase a large section of land on which to put a development.Mary happens to own some of the land.What duty,if any,does she have regarding disclosure of the fact that she owns some of the land? What steps,if any should be taken by the board when considering the matter,and may the board take action that benefits Mary personally?

Mary Is a Director of a Company That Develops Expensive