Starboard, Inc., has a board of directors consisting of three members, Ellsworth, Green, and Morino. The corporation has approximately five hundred shareholders. At a regular meeting of the board, the board selects Tyson as president of the corporation by a unanimous vote. Later, during an audit, it is discovered that Tyson is a former convict and has openly embezzled $500,000 from Starboard. This loss is not covered by insurance. The corporation wants to hold Ellsworth, Green, and Morino liable. Discuss the personal liability of the directors to the corporation.