Have Directors and Officers Engaged in Wrongful Self-Dealing With The Corporation?

Each member of a corporation's board of directors owes a fiduciary duty to the corporation and its shareholders. That duty fundamentally has two obligations: the duty of care (directors must perform their jobs diligently and competently) and the duty of loyalty (directors cannot use their positions of trust to further the private interests of any third party - including themselves). Under both these duties, but especially the duty of loyalty, the interests of the corporation and its shareholders must always come first.

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