Which of the following is a valid reason for a director to abstain from voting on a board resolution

Which of the following is a valid reason for a director to abstain from voting on a board resolution

Which of the following is a valid reason for a director to abstain from voting on a board resolution?

A. Personal conflict of interest

B. Disagreement with the majority

C. Lack of time to review materials

D. Preference for shareholder decision

Answer: A

Explanation: Abstention is mandatory/appropriate for conflicts of interest; mere disagreement or lack of preparation is not a valid reason.