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Monday, June 27, 2011 11:30:47 AM
this suit will be the end of joe c as we know him today
Fiduciary Duties of Board of Directors
Every board member owes a legal duty of good faith, full disclosure, fair dealing and undivided loyalty to the corporation. Directors must positively renounce anything that is unfair. A breach or violation of this duty typically occurs where directors or officers self deal to their own benefit and to the detriment of the corporation.
joe you need to be honest with the sharehholders as this matter will not wait until wed.
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