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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. [1]
Corporate opportunity refers to the fiduciary duties of senior executives and directors of corporations to not take business opportunities away from the corporation for their own benefit.
A corporate opportunity is a business opportunity that a company is interested in or has the ability to pursue, but one of its employees or directors tries to take for themselves instead of letting the company have it.
Corporate Opportunity means any business opportunity that the Corporation is financially able to undertake that is, from its nature, in the Corporation’s lines of business, is of practical advantage to the Corporation and is one in which the Corporation has an interest or a reasonable expectancy, and in which, by embracing such opportunity ...
Corporate opportunity is a legal term used to describe the situations where directors or executives of a company decide not to pursue an opportunity presented to them, and instead see it as a personal opportunity to which they can invest or solicit on their own.
Corporate opportunity means that people who work for a company, like bosses and directors, have to be careful not to take away good business ideas from the company for their own benefit. They have to do what's best for the company, not just for themselves.
Feb 27, 2020 · As described by the Delaware Supreme Court, the corporate opportunity doctrine “holds that a corporate officer or director may not take a business opportunity for his own if: (1) the corporation is financially able to exploit the opportunity; (2) the opportunity is within the corporation’s line of business; (3) the corporation has an ...
