30-1602. DUTIES OF DIRECTOR. In discharging the duties of the position of director of an issuing public corporation, a director, in considering the best interests of the corporation, shall consider the long-term as well as the short-term interests of the corporation and its shareholders including the possibility that these interests may be best served by the continued independence of the corporation. In addition, a director may consider the interests of Idaho employees, suppliers, customers and communities in discharging his duties.
History:
[30-1602, added 1988, ch. 84, sec. 2, p. 153.]
Structure Idaho Code
Chapter 16 - CONTROL SHARE ACQUISITION ACT
Section 30-1601 - DEFINITIONS.
Section 30-1602 - DUTIES OF DIRECTOR.
Section 30-1603 - APPLICATION.
Section 30-1604 - INFORMATION STATEMENT.
Section 30-1605 - MEETING OF SHAREHOLDERS.
Section 30-1607 - VOTING RIGHTS.
Section 30-1608 - RIGHTS OF ACTION.
Section 30-1611 - JURISDICTION.