From Wikipedia, the free encyclopedia. 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 opportunity doctrine is one application of the fiduciary duty of loyalty.
In a milestone in the settlement of the American West, President Abraham Lincoln signs into law the Homestead Act, a program designed to grant public land to small farmers at low cost.
A. Broaden Ownership of Capital The ESOP is sometimes referred to as the Industrial Homestead Act. ESOP legislation, like the original Homestead Act, is designed to broaden the ownership of capital by employees. The Homestead Act had an enormous impact upon the growth and success of the American economy.