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IS THE DIRECTOR ACTING HONESTLY, IN GOOD FAITH, AND WITH TOTAL INTEGRITY?

April 26, 2017acting director faith good honestly integrity total

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IS THE DIRECTOR ACTING HONESTLY, IN GOOD FAITH, AND WITH TOTAL INTEGRITY?

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The duty to act in good faith requires directors to perform their duties honestly and with integrity. This duty incorporates a number of duties already discussed. For instance, directors cannot rely on information they know to be false or engage in self-dealing without violating this duty.