Corporate Opportunity

The corporate opportunity doctrine is the legal principle providing that directors, officers, and controlling shareholders of a corporation must not take for themselves any business opportunity that could benefit the corporation. The corporate opportunity doctrine is one application of the fiduciary duty of loyalty.

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Famous quotes containing the words opportunity and/or corporate:

    I only desire sincere relations with the worthiest of my acquaintance, that they may give me an opportunity once in a year to speak the truth.
    Henry David Thoreau (1817–1862)

    The generation of women before us who rushed to fill the corporate ranks altered our expectations of what working motherhood could be, tempered our ambition, and exploded the supermom myth many of us held dear.
    Melinda M. Marshall (20th century)