Answer (D) is correct . Corporate directors have a fiduciary duty to provide the corporation with business opportunities that come to them in their positions as directors of the corporation. A director who personally takes such a business opportunity has breached his/her duty.
Answer (A) is incorrect because A director is under a duty to use good business judgment, but (s)he is not responsible for the highest standard of care and skill.
Answer (B) is incorrect because A director is not prohibited from entering into a conflicting interest transaction if it is fair to the corporation or if it is approved after required disclosure by a majority of disinterested directors or of shares voted by disinterested parties.
Answer (C) is incorrect because A director is under no duty to report personal property investments unless they relate to corporate business.
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