A board of directors may take no action that benefits a director in his or her personal capacity.

Name: A board of directors may take no action that benefits a director in his or her personal capacity.
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Question

Quizplus · Accepted Answer

A board of directors can take actions that benefit a director in their personal capacity, provided such actions are transparent, in compliance with the organization's conflict of interest policy, and deemed to be in the best interest of the organization.

A Board of Directors May Take No Action That Benefits