- A business opportunity that a corporate official becomes aware of because of her or his position within the corporation. In such cases, the opportunity or knowledge properly belongs to the corporation itself; its officials owe a fiduciary duty not to use that opportunity or knowledge for their own benefit. Corporations may have the right to damages for the improper use of opportunities, and they may obtain an injunction (i.e., court order) preventing their use. Shareholders may bring their own suit against an offending official in a derivative action. Insider misappropriation may also be criminal theft or a violation of federal or state securities laws.
Business law dictionary. 2015.
Look at other dictionaries:
corporate opportunity — n. The opportunity available to someone closely related to a corporation to use corporate information or appropriate corporate business opportunities for his or her own personal gain; the corporate opportunity doctrine prohibits this kind of… … Law dictionary
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. The corporate … Wikipedia
corporate opportunity doctrine — corporate op·por·tu·ni·ty doctrine n: a doctrine of corporate law stating that fiduciaries of the corporation (as directors or officers) may not take for themselves a business opportunity offered to the corporation Merriam Webster’s Dictionary of … Law dictionary
corporate opportunity doctrine — This doctrine precludes corporate fiduciaries from diverting to themselves business opportunities in which the corporation has an expectancy, property interest or right, or which in fairness should otherwise belong to corporation. Klinicki v.… … Black's law dictionary
corporate — cor·po·rate 1 / kȯr pə rət/ adj: of or relating to a business corporation corporate 2 n: a bond issued by a business corporation Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
Corporate finance — Corporate finance … Wikipedia
Corporate synergy — refers to a financial benefit that a corporation expects to realize when it merges with or acquires another corporation. Corporate synergy occurs when corporations interact congruently. This type of synergy is a nearly ubiquitous feature of a… … Wikipedia
Corporate Real Estate — is a term used to describe the real property held and/or used by a business enterprise or organization for its own operational purposes. A corporate real estate portfolio typically includes a corporate headquarters and a number of branch offices … Wikipedia
Corporate communication — is the message issued by a corporate organization, body, or institute to its publics. Publics can be both internal (employees, stakeholders, i.e. share and stock holders) and external (agencies, channel partners, media, government, industry… … Wikipedia
Corporate-owned life insurance — (COLI), also known as dead peasant life insurance or janitors insurance, is life insurance on employees lives that is owned by the employer, with benefits payable to the employer. When the employer is a bank, it is known as a bank owned… … Wikipedia