Asked by Kabelo Monnakgotla on Sep 28, 2024
Directors share a ______, which means all their decisions should be in the best interests of the corporation and its stakeholders.
A) duty of loyalty
B) duty of oversight
C) duty to audit
D) duty of control
E) duty of cooperation
Duty of Loyalty
An obligation of employees or directors to act in the best interest of their company or shareholders.
Corporate Interests
Refers to the objectives and goals that are of prime importance to a corporation, typically aimed at maximizing profitability and sustainability.
- Acquire knowledge on the obligations of the board of directors as fiduciaries towards the entity and its stakeholders.
Learning Objectives
- Acquire knowledge on the obligations of the board of directors as fiduciaries towards the entity and its stakeholders.
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