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Question
Mitch is a director and officer of Numero Uno, Inc. Mitch makes a marÂketÂing decision that results in a dramatic decrease in profits for Numero Uno and its shareholders. The shareholders accuse Mitch of breaching his fiduciÂary duty to the corporation. What is Mitch's best defense against this acÂcuÂsation? Later, a resolution comes before the Numero Uno board to compete with One-of-a-Kind Corporation. Mitch is a direcÂtor and shareholder of One-of-a-Kind. What is Mitch's responsibility in this situation?Answer
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Related questions
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