An officer of a company that is a majority owner in a competing company will probably be subject to:
A) a tax audit.
B) a conflict of interest with his shareholders.
C) arbitrage profit returns to ASIC.
D) a police investigation.

Question

Quizplus · Accepted Answer

An officer who is a majority owner in a competing company may have a conflict of interest with their shareholders. This means that their actions and decisions as an officer may not align with the best interests of their own company's shareholders. This situation may result in legal and ethical issues that need to be addressed to avoid any negative consequences.

An Officer of a Company That Is a Majority Owner