Directors cannot use corporate funds or confidential corporate information for personal advantage.

Question

Quizplus · Accepted Answer

This is a fundamental principle of corporate governance that directors have a fiduciary duty to act in the best interests of the company and its shareholders, and not to use their position or access to confidential information for personal gain. Breaching this duty can result in legal and reputational consequences.

Directors Cannot Use Corporate Funds or Confidential Corporate Information for Personal