Which two of the following are examples of breaches of fiduciary duty?
A) The directors of the corporation, contrary to the request of the shareholders, refused to declare dividends.
B) A director of a corporation, as director, learned of a good deal and took advantage of it for himself before the corporation had the opportunity to do so.
C) A promoter of a corporation sold property to the corporation for three times what he paid for it after he made full disclosure of his interest to an independent board of directors, which voted for the purchase.
D) A shareholder started a business that competed directly with the business.
E) An employer charged his employees for parking after supplying it free for years.

Question

Quizplus · Accepted Answer

A director taking advantage of a corporate opportunity for personal gain before the corporation has the chance to do so is a breach of fiduciary duty.

Which Two of the Following Are Examples of Breaches of Fiduciary