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corporate opportunity
The ''corporate opportunity'' doctrine is the legal principle providing that directors, officers, and controlling shareholders of a corporation must not take for themselves any business opportunity that could benefit the corporation.〔18B Am. Jur. 2d ''Corporations'' § 1536 (1964).〕 The corporate opportunity doctrine is one application of the fiduciary duty of loyalty.〔''Id.''〕
== Application ==
The corporate opportunity doctrine does not apply to all fiduciaries of a corporation; rather, it is limited to directors, officers, and controlling shareholders.〔''Id.''〕 The doctrine applies regardless of whether the corporation is harmed by the transaction; indeed, it applies even if the corporation benefits from the transaction.〔''Id.'' § 1538.〕 The corporate opportunity doctrine only applies if the opportunity was not disclosed to the corporation. If the opportunity was disclosed to the board of directors and the board declined to take the opportunity for the corporation, the fiduciary may take the opportunity for him- or herself.〔''Id.'' § 1539.〕 When the corporate opportunity doctrine applies, the corporation is entitled to all profits earned by the fiduciary from the transaction.〔''Id.'' § 1538, 1540.〕
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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