Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

Starboard, Inc., has a board of directors consisting of three members (Ellsworth, Green, and Morino) and approximately five hundred shareholders. At a regular meeting of the board, the board selects Tyson as president of the corporation by a two-to-one vote, with Ellsworth dissenting. The minutes of the meeting do not register Ellsworth's dissenting vote. Later, during an audit, it is discovered that Tyson is a former convict and has openly embezzled $500,000 from Starboard. This loss is not covered by insurance. The corporation wants to hold directors Ellsworth, Green, and Morino liable. Ellsworth claims no liability. Discuss the personal liability of the directors to the corporation.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M9114071

Have any Question?


Related Questions in Business Management

Although mountaintop electronics still sells its dvd

Although Mountaintop Electronics still sells its DVD players, a product in its decline stage, the investments made by the company on improving or marketing the product are very low. The company has allocated the least am ...

Hello dears can you please help me in these questions

Hello dears, can you please help me in these questions in  INTEGRATED ENTERPRISE SYSTEMS ERB subjec t? please by your own words .. Q1. Why functional organizational structure and business processes are at odds with each ...

What is the purpose of using a diagnostic instrumentmodel

What is the purpose of using a diagnostic instrument/model to help manage change. Describe the key aspects that an instrument/model should effectively identify or outline in order to facilitate change.

Create brochure that could be given to people considering

Create brochure that could be given to people considering starting their own business and who want to know the key considerations when developing a business plan and determining the best methods of managing the business' ...

If a company is having trouble with staffing levels because

If a company is having trouble with staffing levels because of employees calling in sick or requesting time off, what would be an approach to control daily staffing levels of a company so that the company is able to meet ...

Identify one trait characteristic or personality trait

Identify one trait, characteristic, or personality trait which does NOT belong to the Trait Theory that you feel you possess which would help you become an effective leader. Based on your analysis, do you feel you would ...

During jimmy carters presidency increases in the consumer

During Jimmy Carter's presidency, increases in the Consumer Price Index (CPI) reached double digits. In order to combat this problem, the Carter administration launched a Wage-Price Guidelines program in which businesses ...

Qualitative analysis for managerscan either influence

Qualitative Analysis for Managers Can either Influence Diagrams, Influence Tables, and Decision Trees or all of these techniques better structure the decision making process? Why or why not? Cite examples when this might ...

How can educating help solve the health and poverty issues

How can educating help solve the health and poverty issues in Ethiopia, Africa? How can social development be established?

An investor decides to purchase a business he hires a

An investor decides to purchase a business. He hires a consultant to help him find a good one. The consultant advises to find a business that faces no competition because such a business can earn rates of return in exces ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As