Directors are not obligated to refrain from self-dealing.

Question

Quizplus · Accepted Answer

Directors have a fiduciary duty to act in the best interest of the company and its shareholders. This duty includes refraining from self-dealing, which means making decisions that benefit themselves at the expense of the company or its shareholders. Self-dealing can lead to conflicts of interest and breaches of trust, and can result in legal and financial consequences for the director.

Directors Are Not Obligated to Refrain from Self-Dealing