Rocco is a director of Spa Lids & Tubs,Inc.Under the standard of due care owed by di?rectors of a corporation,Rocco's decisions must be

Question

Quizplus · Accepted Answer

Under the standard of due care, directors are expected to make informed and reasonable decisions. This means that their decisions should be based on a reasonable investigation of the relevant facts and circumstances, and should be in the best interests of the corporation and its shareholders. Directors are not expected to be perfect or infallible, but they are expected to act in good faith and with the care that an ordinarily prudent person would exercise in similar circumstances. Therefore, option C is the correct choice.

Rocco Is a Director of Spa Lids & Tubs,Inc