In the situation depicted in the case study the board of director member wanted to take advantage of an investment opportunity based on privileged information. The actions of the board of director member are unethical due to the fact that the person was making an investment decision utilizing insider’s information. Insider information can be defined as intimate knowledge or material non public information on the affairs, operation, or financial position of a corporation that will affect the market price of its publicly traded stocks (Businessdictionary, 2011).
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