Denise,Ervin,and Flem occupy the positions of directors on the board of Gallery Corporation.As directors,they may not

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As directors of Gallery Corporation, Denise, Ervin, and Flem have a duty of loyalty to the company and therefore cannot support businesses that directly compete with Gallery. However, they have the authority to authorize major corporate policy decisions, decide to issue stock and bonds, and declare dividends, as well as select and remove corporate officers.

Denise,Ervin,and Flem Occupy the Positions of Directors on the Board