Where a director of a corporation appropriates to himself a benefit that should properly be seized upon by the corporation, a trust is established of the benefit for the corporation by the Doctrine of Corporate Opportunity.

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The Doctrine of Corporate Opportunity establishes that when a director of a corporation takes for themselves a business opportunity that should belong to the corporation, they hold that opportunity in trust for the corporation. This is to prevent directors from exploiting their positions for personal gain at the expense of the corporation and its shareholders.

Where a Director of a Corporation Appropriates to Himself a Benefit