Controlling shareholders,but not officers or directors,of a corporation may use the corporation's confidential information for personal gain.

Question

Quizplus · Accepted Answer

Officers, directors, and controlling shareholders are all fiduciaries of the corporation and are generally prohibited from using the corporation's confidential information for personal gain. This is a breach of their fiduciary duties to the corporation and its shareholders.

Controlling Shareholders,but Not Officers or Directors,of a Corporation May Use