Practice question
A director secretly acquires a financial interest conflicting with her fiduciary duty, and this causes proven loss to the corporation. Which Section 30 ground is directly implicated?
- A lawful change of office address
- The mere existence of a board
- Every ordinary market fluctuation
- A shareholder's independent personal choice
- Acquisition of a conflicting personal or pecuniary interest
Legal references
- RA11232 Section30: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html
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