1 page/≈275 words
Business & Marketing
BL Unit VI Assessment 1 of 2 (Research Paper Sample)
Research the Revised Model Business Corporations Act by conducting an Internet search. Identify the duties of the directors and the duties of the officers set forth in the Act. Define and explain the purpose of each duty and provide an example to illustrate each. Your response should be at least 200 words in length. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. Any references or citations must be in APA style source..
Revised Model Business Corporations Act Name: Institution: For the director and officers in the corporate world to be held accountable to the stakeholders, the Revised Model Business Corporations Act stipulates their duties. One of the duties if that of care, that regulates the activities of the directors, such that they cannot engage in practices that will cause harm to the company and the stakeholders in general (National Association of Veteran’s Research And Education Foundations, 2013). If for example, a director or an officer takes an action that leads to the company losing some amount of money to the shareholders, he/she may be held accountable for that liability. This can be approached from the view of negligence from the director. As such all the directors and officers are required to make decisions in the best intere...
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