Directors can use corporate funds and confidential information for personal advantage as long as they disclose that they are doing so.

Question

Quizplus · Accepted Answer

Directors have a fiduciary duty to act in the best interest of the corporation and its shareholders. Using corporate funds and confidential information for personal advantage, even if disclosed, may still be a breach of that duty and can lead to legal and ethical consequences.

Directors Can Use Corporate Funds and Confidential Information for Personal