QuickHelper

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Teaching Since: May 2017
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  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

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  • Corportae Manager
    ChevronTexaco Corporation
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Category > Management Posted 07 Oct 2017 My Price 7.00

Which of the following statements is TRUE with respect to a company officer who would like to make a personal investment that could be an...

Which of the following statements is TRUE with respect to a company officer who would like to make a personal investment that could be an advantageous opportunity for the corporation he/she works for.

a.

The officer can not make this personal investment under any circumstances because it would be a violation of his/her fiduciary duty.
b.

The officer must disclose some of the facts about the investment opportunity to his/her corporation.
c.

The officer can only make this personal investment after full disclosure to the corporation and if the majority of disinterested directors reject taking the investment opportunity for the corporation.
d.

If the officer makes the personal investment under any circumstances whatsoever, the corporation may recover from the officer any profits of which the corporation has been deprived.

Answers

QuickHelper
(10)
Status NEW Posted 07 Oct 2017 03:10 PM My Price 7.00

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