To intentionally solicit or accept any benefit for having exercised the officer's powers, or the powers in favor of another is an example of Standards of Conduct.
The term "standard of conduct" refers to the fact that a director or officer, acting on information at the time, discharged his or her responsibilities as a director or officer.
It includes those of a committee member, in good faith and according to what he or she reasonably believed to be in or not inconsistent with the corporation's or other enterprise's, as applicable, best interests, and that they had no reasonable basis to believe that their actions were unlawful in any criminal proceeding.
There is no presumption that a director or officer violated the Standard of Conduct when a proceeding is concluded by a verdict, order, settlement (with or without court approval), conviction, or guilty plea.
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