Illustrate what mitch best defence against this accusation

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Reference no: EM13111005

Q. Mitch is a director and officer of Numero Uno, Inc. Mitch makes a market¬ing decision that results in a dramatic decrease in profits for Numero Uno and its shareholders. The shareholders accuse Mitch of breaching his fiduci¬ary duty to the corporation. Illustrate what is Mitch's best defence against this accusation? Later the Numero Uno board considers a resolution for the organization to compete with One-of-a-Kind Corporation. Mitch is a director and shareholder of One-of-a-Kind. Illustrate what is Mitch's responsibility in this situation?

Reference no: EM13111005

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