In Order to Exercise the Minimum Standard of Care, Directors

Multiple Choice

In order to exercise the minimum standard of care, directors and officers must, among other things:

A) Acquire a basic understanding of the business and be familiar with the fundamentals of the business.
B) Make sufficient enquires to inform business decisions.
C) Stay informed about the activities of the company.
D) Not ignore any misconduct of the company.
E) Be familiar with the financial status of the company by reviewing financial statements.
F) None of the above are correct.
G) All of the above is correct.