Ogilvie,a director of Pitstop Service Station Corporation,does not attend a board meet?ing for three years.During that time,Noreen,Pitstop's president,makes improper loans that cost the company $100,000.Ogilvie is most likely

Question

Quizplus · Accepted Answer

Ogilvie, as a director, has a legal duty to attend board meetings and participate in the decision-making process. His failure to do so for three years shows negligence or mismanagement, which could result in liability if the company suffers losses due to his absence. Noreen's improper loans, resulting in significant financial losses, could be attributed to Ogilvie's negligence or mismanagement as a director.

Ogilvie,a Director of Pitstop Service Station Corporation,does Not Attend a Board