RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE "Ah... it would be a conflict of interest. That could be why Tellier is off the National Bank board. Say they use National Bank to bail them out, and Tellier still held a director position, that would make it a non-arms length transaction between the two companies."
Bias, conflict of interest or lack of impartiality are all absolutes. They can not have him on the BOD for the reasons you stated, but at the other end of the spectrum if they were contemplating actions that were not in YLO's best interests, they could not have Tellier having a say in that matter as a representative of National and also as the CEO of YLO.
No different from a Judge stepping down from the bench when it is found that their is a material connection between them and the accused. Whether it is a positive of negative one in irrelevant. It does not matter which way the bias leans. You are either impartial or you are not.