What must corporate officers adhere to when performing their duties according to the Revised Corporation Code?

When corporate officers perform their duties according to the Revised Corporation Code, their responsibilities center around the principles of good faith and loyalty to the corporation. This means that they must prioritize the interests of the corporation above all else, ensuring that their actions and decisions are made with integrity and a commitment to the corporation's best interests.

Acting in good faith involves making decisions honestly and with sincere intentions, avoiding conflicts of interest, and ensuring that their conduct is in line with both the legal and ethical standards expected of corporate leaders. Loyalty requires that officers refrain from taking actions that would harm the corporation or divert resources for personal gain. This commitment helps foster trust among stakeholders, including employees, customers, and shareholders, and ultimately contributes to the long-term sustainability and success of the corporation.

In contrast, adhering to the idea of maximizing profits exclusively for shareholders, while important, can lead to a narrow focus that overlooks the broader responsibilities to the corporation and its various stakeholders. This approach might neglect the long-term health of the business or ethical considerations that are crucial in corporate governance. Similarly, prioritizing personal interests over corporate strategies directly contradicts the obligation of loyalty, putting individual motives before the welfare of the corporation.

Therefore, the correct response highlights the fundamental ethical responsibilities corporate officers must