An illegal activity of making business decisions or creating systems to benefit the owner over all other parties. It usually generates increased risks for creditors that they did not anticipate in their lending decision. Most often, self-dealing in business is carried out via some illegal or fraudulent act.
When shareholders invest into a corporation, there is an expectation of limited losses amounting to the financial investment made. However, if the company is not properly run, officers, directors and shareholders are exposed to the […]