BANK SEBI Grade A Phase 1 & Phase 2 Mock Test 2024 Legal Aspects of Business The Companies Act, 2013
What constitutes the fiduciary responsibility outlined in Section 149 for directors, and how does this duty influence their strategic and operational decisions?
1
Maximizing personal returns; influences short-term strategic moves.
2
Aligning with executive interests; may limit comprehensive risk assessment.
3
Acting in the best interest of shareholders with due diligence, loyalty, and care; ensures responsible use of resources.
4
Fulfilling only legal requirements; excludes moral and ethical considerations.
5
Primarily overseeing financial compliance; overlooks broad strategic decisions.