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Joseph is director of Marttel Inc. The company is thinking about buying some land in which Joseph is ...

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Joseph is director of Marttel Inc. The company is thinking about buying some land in which Joseph is ...

Joseph is director of Marttel Inc. The company is thinking about buying some land in which Joseph is part owner. At the board of directors meeting where this is discussed and voted on, Joseph should
a. reveal, discuss, and vote on the matter since this is his fiduciary duty.
b. explain fully of his interests in the land, then vote his conscience.
c. abstain from voting on the matter since this is a potential conflict of interests.
d. be silent and refrain from voting on this matter.
e. graciously be absent from the meeting.

Textbook

The Law and Business Administration in Canada

Edition: 14^th

Authors: Smyth, Soberman, Easson, McGill

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ohiosr Author

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6 years ago

Makes a lot of sense now

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