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lolerdog1 lolerdog1
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2 years ago
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

Legal Fundamentals for Canadian Business


Edition: 4th
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Zainab G.Zainab G.
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2 years ago
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lolerdog1 Author
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2 years ago
Helped a lot
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7.prime7105
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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