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In Canada, the legal duty of board members is to the

A) Shareholders
B) Employees
C) Government
D) Corporation

1 Answer

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Final answer:

In Canada, the legal duty of board members is to the Corporation. Board members have a fiduciary duty to act in the best interests of the corporation.

Step-by-step explanation:

In Canada, the legal duty of board members is to the Corporation. Board members have a fiduciary duty to act in the best interests of the corporation, which means making decisions that will benefit the corporation as a whole. This duty includes making decisions that are in the best interests of the shareholders, employees, and the long-term success of the company. For example, board members must ensure that the company is financially stable, comply with legal and regulatory requirements, and make strategic decisions to grow the business.

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