Question: Hawaii Security Services Inc. (HSS) provides security consulting services to corporations located in the Hawaiian Islands. Danno, McGarrett and Kono are the directors. HSS is
Hawaii Security Services Inc. (HSS) provides security consulting services to corporations located in the Hawaiian Islands. Danno, McGarrett and Kono are the directors. HSS is a public company. The President of CSI Corporation approaches McGarrett with an offer to purchase HSS, and after further negotiation, he brings the offer to the full Board. What should McGarrett and the full Board do in considering the offer? What duties do they have?
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