Question: Please help answer the following MCQ: The ________________________ owe a fiduciary duty to the corporation in that the they must act in the best interests

Please help answer the following MCQ:

The ________________________ owe a fiduciary duty to the corporation in that the they must act in the best interests of the corporation, not taking any advantage of corporate opportunities, and must not act negligently in the carrying out duties.

1) Employees

2) Officers of the Corporation

3) Stakeholders

4) Shareholders

5) Board of Directors

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Law Questions!

business law questions Question 1 Which of the following is true in respect of limited liability partnerships (LLPs)? Not yet answered Marked out of Select one: 1.00 O a. Provincial limited liability...

Out 1 Marof 1.00 Which one of the following statements about forms of business organization is TRUE Select one: Om Registration is required to create al forms of business organization Ob A sole...

True/False The Uniform Partnership Act restricts the number of partners in a limited liability partnership to no more than 10. Where a corporation has a major shareholder and minority shareholders,...

BLAW2206 a Dirty to act In the best interests of the shareholders b bhut to manage the business cfans of he corporation c Duty to disclose ary conflicts of interest wih the corporation and not...

on 41 Which one of the following statements regarding Alberta corporations is FALSE? ed Select one: out of O a. Directors may face personal liability in some circumstances, O b. Before deciding if a...

Corporation Law: Task Activist CEOs are acting outside the scope of their fiduciary duties discuss. There has been a lot of publicity about the benefit and detriment of activist CEOs in Australian...

I just need the answer I don't need an explanation please answer asap Time left 0:49:27 Which one of the following statements regarding Alberta corporations is FALSE? Select one: a. Pursuant to...

Which one of the following statements about partnerships is FALSE? Select one: O a. If the partners do not have a partnership agreement, the provisions found in the Partnership Act will apply. O b....

On January 1, Forrester Company issued $400,000, 8%, 5-year bonds at face value. Interest is payable semiannually on July 1 and January 1. Instructions Prepare journal entries to record the following...

1) 2) 3) Does Corbin likely have a defect in his innate or adaptive immune cells? Which particular cell(s) and immune function is likely defective? Defend your answer with evidence from the patient...

Ed has accumulated $ 1 0 , 0 0 0 in a savings account over the last few years and has earmarked that money as a down payment on a new boat. His air conditioner breaks and requires $ 5 , 0 0 0 in...

Consider the following statement by Casadesus-Masanell: "We suggest that you face the peril of assuming that aspirations are self-fulfilling by recalling the previous peril and reminding yourself...

3. What values would you say are your core values?

12. Think of a situation where you felt particularly powerless. It must be a real event that you remember relatively well. Try to think back. What was it you imagined just before you felt powerless...

13. Try to imagine how you would feel if you had tackled the problem, the con-flict, the challenge, etc., that made you powerless in task 12, for example upstairs, confident, confident, calm,...