Asked by Alexis Shyanne on Jul 25, 2024
Verified
With respect to a corporation, a director is
A) a fiduciary.
B) an actuary.
C) a notary.
D) all of the choices.
Fiduciary
As a noun, a person having a duty created by his or her undertaking to act primarily for another’s benefit in matters connected with the undertaking. As an adjective, a relationship founded on trust and confidence.
- Comprehend the functions and duties of corporate officers and directors, including their obligation to act with care and allegiance.
Verified Answer
BE
Brittany E HawkinsJul 28, 2024
Final Answer :
A
Explanation :
A director of a corporation is considered a fiduciary, meaning they have a legal obligation to act in the best interest of the corporation and its shareholders. They are not typically actuaries or notaries, as those roles have specific functions unrelated to the duties of a corporate director.
Learning Objectives
- Comprehend the functions and duties of corporate officers and directors, including their obligation to act with care and allegiance.