5.02 Personal Responsibility of Corporate Agent is the legal responsibility of a corporate agent to act in the best interests of their corporation. It is the obligation of the corporate agent to adhere to the company’s policies and procedures, as well as the applicable laws and regulations. Corporate agents may include officers, directors, and shareholders of a corporation. Types of Personal Responsibility of Corporate Agent include: • Compliance with Laws and Regulations: A corporate agent must ensure they comply with all applicable laws and regulations, such as those related to health and safety, taxation, and other areas. • Duty of Care: A corporate agent must act in the best interests of the company, including taking all reasonable measures to ensure their decisions are in the best interests of the corporation. • Duty of Loyalty: A corporate agent must not act in a way that would benefit them personally, or in a way that would be detrimental to the corporation’s interests. • Duty of Good Faith: A corporate agent must not use their position to gain any personal benefit or advantage. • Duty of Disclosure: A corporate agent must disclose any conflicts of interest they may have that could affect their decisions.