Part 2: During this same time Mark, a director at CSK Auto, Inc., discovered that Tammy, another director, was embezzling funds CSK Auto, Inc., illegally using the company car to her own ends, and generally acting in a manner deleterious to the firm. Tammy, however, was an expert on stock issuances and had recently advised the firm that it should make a new issue of bonds to cover an upcoming transaction. While Mark knew that Tammy was generally untrustworthy, he believed that the advice Tammy had given the board was financially sound. The bond issuance tanked and the board of directors was sued. Should Maynard be held personally liable or were his beliefs about Tammy - as to the quality of her advice were reasonable and protected by the Business Judgment Rule?

As you respond to the above prompts, be sure to include the reasons why officers and directors have duties to the corporation and shareholders.