30-1702. 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:
[30-1702, added 1988, ch. 84, sec. 3, p. 163.]
Structure Idaho Code
Chapter 17 - BUSINESS COMBINATION ACT
Section 30-1701 - DEFINITIONS.
Section 30-1702 - DUTIES OF DIRECTOR.
Section 30-1703 - EXCLUSIONS FROM CHAPTER.
Section 30-1704 - BUSINESS COMBINATION WITH INTERESTED SHAREHOLDER — APPROVAL BY DIRECTORS.
Section 30-1705 - REQUIREMENTS.
Section 30-1707 - JURISDICTION.