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A corporate officer is liable to the corporation or its shareholders for a bad business decision.
Bad Business Decision
A judgment made in a business context that leads to outcomes failing to meet desired or expected objectives, often resulting in financial loss or missed opportunities.
Corporate Officer
An individual holding a position of authority in a corporation, often involved in high-level decisions and responsible for the day-to-day management and operational decisions.
- Understand the ethical and legal obligations of company officers and directors, encompassing fiduciary responsibilities and liability concerns.
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Learning Objectives
- Understand the ethical and legal obligations of company officers and directors, encompassing fiduciary responsibilities and liability concerns.
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