The corporate opportunity doctrine is a legal principle that prohibits company directors, officers, and employees from personally taking advantage of business opportunities that rightfully belong to the company. This principle requires individuals in positions of authority within a company to act in the best interests of the company and place its interests ahead of their own personal gain. If a corporate opportunity comes to the attention of an individual within the company, that individual has a duty to present the opportunity to the company first before pursuing it for their own benefit. Violating the corporate opportunity doctrine can result in legal repercussions and potential liability for the individual involved.
