OTCQX:DMMIF - Post by User
Post by
bailey2on Dec 14, 2019 8:36am
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Post# 30454726
Directors and Officers Liability
Directors and Officers LiabilityDirectors and officers have a duty to exercise due diligence in overseeing the management of the organization that they serve.They are required to act in good faith and in the best interests of the organization. This involves 3 basic duties.
Three Basic Duties
1. Duty of Diligence( Duty of Care) Act reasonably, in good faith, and in the organizations's best interest.
2. Duty of Loyalty: Place the interest of the organization before your own.
3. Duty of Obedience: Act within the scope of applicable bylaws.