Question

What is the fiduciary duty of board members concerning decision-making?

A Ignoring conflicts of interest Correct Answer Incorrect Answer
B Exercising care, diligence, and loyalty in decision-making Correct Answer Incorrect Answer
C Promoting conflicts of interest Correct Answer Incorrect Answer
D Disregarding ethical considerations Correct Answer Incorrect Answer

Solution

Explanation: Board members have a fiduciary duty to exercise care, diligence, and loyalty in decision-making, avoiding conflicts of interest and acting honestly and in good faith.

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