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Re: scoop9 post# 37577

Tuesday, 10/25/2016 1:34:41 PM

Tuesday, October 25, 2016 1:34:41 PM

Post# of 97078
It doesn't appear that Binder is a DECN-Director

And she appears to be a DECN employee, not a manager.

"The duty of loyalty requires directors to be loyal to the interests of the corporation’s shareholders and to avoid conflicts of interest. Clearly, if directors act to benefit their personal interest at the expense of stockholder interests, such action is improper. The duty of loyalty forbids directors to “stand on both sides” of a transaction and prohibits them from deriving “any personal benefit through self-dealing.”