What are the fiduciary duties of corporate directors?

The fiduciary duties of corporate directors primarily revolve around the obligations they owe to the corporation and its shareholders. Among these, the duty of care and the duty of loyalty stand out as fundamental principles governing their conduct.

Acting in the best interests of the corporation and its shareholders encompasses several responsibilities, such as making informed decisions that reflect due diligence and a commitment to the organization's overall well-being. This means that directors must gather sufficient information, consider the long-term consequences of their actions, and engage in a conscientious deliberation process when making decisions.

The duty of loyalty requires directors to prioritize the interests of the corporation and its shareholders above their personal interests. This commitment ensures that directors do not engage in self-dealing or any actions that could undermine the integrity of their governance.

In contrast, options focused on maximizing profits without considering broader implications or solely ensuring regulatory compliance disregard the comprehensive nature of directors' responsibilities. Additionally, promoting personal gain contradicts the foundational duties of loyalty and care expected from anyone in a fiduciary position. Thus, the selected answer accurately encapsulates the essence of directors' fiduciary responsibilities.