In a corporation, directors and officers of the company in which they hold their positions have a _____________ to the company.

Question

Quizplus · Accepted Answer

Directors and officers have a fiduciary responsibility to act in the best interest of the company. This means they must make decisions and take actions that serve the company's interests above their personal interests. They must exercise care, loyalty, and good faith in all their dealings for the benefit of the company and its shareholders. This duty is mandatory and ongoing as long as they hold their positions in the company.

In a Corporation, Directors and Officers of the Company in Which