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Froogle 1.1.1.7
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Froogled By:
Elias Makere, FSA, MAAA
Last Froogled:

CORPORATE OPPORTUNITY

the legal doctrine that forbids directors/etc – who are invested with a fiduciary duty [toward a corporation – from appropriating [for their own benefit] a business opportunity that properly belongs to the corporation. Individuals/entities that are found guilty of this practice are deemed to hold the property/profit thus obtained in CONSTRUCTIVE TRUST for the benefit of the corporation. As such, injunctive relief (+ monetary damages) could be available to the victimized shareholders.

see conflict of interests; insider
Congratulations! You're now Froogled Up™ on what "Corporate Opportunity" means!

Feel free to use it throughout your financial/insurance life.

Sincerely,



www.FroogleMe.com
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