Determining interested persons & related parties
IN the last two articles, we explored the duty of directors to avoid conflicts of interest, how full disclosure and proper actions are necessary to discharge a director's fiduciary duties, and how perception is sometimes reality when managing conflicts of interest in the public sphere under the media spotlight.
In this article, we turn our focus to a specific type of conflict of interest that directors face: transactions with interested persons and related parties.
How they arise
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