Under Canadian law, a director must disclose a conflict of interest

Under Canadian law, a director must disclose a conflict of interest

Under Canadian law, a director must disclose a conflict of interest:

A. At the first board meeting where the transaction is considered

B. Only if the conflict results in corporate loss

C. After the transaction is completed

D. Only to majority shareholders

Answer: A

Explanation: Timely disclosure at the relevant board meeting is mandatory; failure to disclose breaches duty of loyalty.