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In the BCE case, the Supreme Court clarified the fiduciary duty owed by directors. Which of the ...

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In the BCE case, the Supreme Court clarified the fiduciary duty owed by directors. Which of the ...

In the BCE case, the Supreme Court clarified the fiduciary duty owed by directors. Which of the following correctly reflects the court's view in this case?

▸ The duty is owed to all stakeholders; the interests of shareholders, employees, and creditors should be emphasized in all decisions.

▸ The duty is owed to the corporation and only the corporation; no consideration should be given to shareholders, employees, or creditors.

▸ The duty is owed to the corporation; in determining what is in the best interest of the corporation, directors must consider the interests of shareholders.

▸ The duty is owed to the corporation; in determining what is in the best interest of the corporation, directors may consider the interests of all stakeholders.

▸ The duty is owed to the corporation; in determining what is in the best interest of the corporation, the directors must consider the interests of employees.

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Legal Fundamentals for Canadian Business

Edition: 4^th

Author: Yates

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Zainab G.

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lolerdog1 Author

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3 years ago

Correct

paulinaibarra98

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this is exactly what I needed

Alina01978

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Smart ... Thanks!

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