There are no accountants on the board of the Oriole Corporation, a privately held corporation. The board routinely relies on a Certified Public Accountant (CPA) to explain the financial situation of the corporation. The board does not do an independent analysis of the CPA’s report. In these circumstances, the board isA. violating a duty of loyaltyB. violating a duty to exercise due careC. violating the business judgment ruleD. not violating any duty
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