The conversation between human and AI assistant.
What are the responsibilities of a board of directors?
Is it common for board members to have conflicts of interest?
It's not uncommon for board members to have conflicts of interest, but it's important for them to disclose these conflicts and abstain from decision-making when there is a potential for bias. The board of directors has a legal and ethical responsibility to act in the best interest of the company, and conflicts of interest can threaten that responsibility.