The Bigco Company Limited is the owner of a number of commercial buildings in a large Ontario city.One of the directors,Michael,suggested that the corporation purchase a large apartment building.Another director,Christine,was the owner of a one-third interest in the building.
-Christine has a duty to disclose her interest in the apartment building,and must refrain from voting on the proposal.

Question

Quizplus · Accepted Answer

As a director, Christine has a duty to disclose any conflict of interest, including her ownership interest in the apartment building. She cannot vote on the proposal to purchase the building because it directly involves her personal interest, which could compromise her ability to act in the best interests of the corporation.

The Bigco Company Limited Is the Owner of a Number