A board of directors cannot conduct business outside a formal meeting.
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Q2: A director is a fiduciary of a
Q3: All directors must be present before a
Q4: A board of directors can delegate some
Q9: Corporate officers and directors owe no duty
Q11: Officers are required to exercise a reasonable
Q12: An individual director does not act as
Q13: Incorporators appoint a corporation's first board of
Q15: Directors are rarely compensated,but when they are,they
Q17: Some states permit a corporate board to
Q23: Shareholders own a corporation.
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