Question：Ockley has recently received formal notification of a bid for its entire share capital by Capel, one of its competitors. The directors and shareholders are in favour of the bid; the directors are themselves significant shareholders.
The finance director of Ockley has recently presented forecasts of Ockley's future profitability to a meeting of Ockley's board. The forecasts will be used when determining the price to be paid for Ockley's shares. However questioning by one of the non-executive directors revealed that many of the assumptions used by the finance director were very contentious and over-optimistic.
The board decided that the finance director should prepare a revised forecast using more realistic assumptions. Which of Tucker's five questions are likely to have contributed to this decision?
A. Right?
B. Legal?
C. Sustainable?
D. Profitable?
E. Fair?
The correct answers areLegal; Fair; Right.
解析：Sustainable is not really relevant. The directors have given up a chance to make greater profits from selling their shares.
There are likely to be legal sanctions against the directors if they provide information that they believe is misleading. Doing so would also be unfair to the shareholders of Capel. More basically, some directors would have argued that Ockley shouldn't be associated with any information that the board knew was misleading.
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