Question

Helen is the vice-president of gotspeed corporation, a company that designs, manufactures and sells sports shoes. nestor, an independent entrepreneur, designs a new shoe that helps the user's foot grip the shoe better, and he calls it the anklator. nestor's friend schedules an appointment for him to meet helen and present the anklator for possible adoption by gotspeed. instead of presenting the opportunity to gotspeed's board of directors, helen pays nestor's asking price and purchases the anklator design for herself. she then quits and forms her own company to manufacture and sell anklator shoes. helen has breached her duty of loyalty to gotspeed corporation by ________.

Answer 1

Answer:

Hijack a corporate opportunity

Explanation:

A director's duty of loyalty is to always act in the best interest of his organization every time and also to avoid any situation that might lead to a conflict of interest or sing corporate opportunity for personal gain

Helen's decision to hijack a corporate opportunity she was privileged to have as a result of her position violates the duty of loyalty she owes the company and is unethical

Answer 2

Answer:

usurping a corporate opportunity

Explanation:

Based on the scenario being described it can be said that Helen has breached her duty of loyalty to gotspeed corporation by usurping a corporate opportunity. This is when an individual takes advantage of an offer that they have access to for being an insider, which the corporation itself could have taken advantage of. This is a breach of the duty of loyalty because the individual works for the company and needs to put the company's best interests first. Which Helen in this case did not.