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Topic: Business
Number of pages / Number of words: 3 / 611
Essay's paper body

Both he and Stewart would also be breaching their Duty of Loyalty, as this is probably not in the best interest of WCOIYP. Duty of Care is also violated since this misappropriation probably does not further the corporation's purposes. And although directors are not generally liable for negligence, Ken and Stewart could be liable for willful negligence depending on their knowledge and actions that resulted in the "AlbMoneyForFun" item as well as what the money was being spent on...


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And although directors are not generally liable for negligence, Ken and Stewart could be liable for willful negligence depending on their knowledge and actions that resulted in the "AlbMoneyForFun" item as well as what the money was being spent on.

It is Gwen and Gale's duties as directors to question the "AlbMoneyForFun" budget item...


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