Conflicts of Interest. Oxy Corp. is negotiating with Wick Construction Co. for the renovation of…

Conflicts
of Interest. Oxy Corp. is negotiating with Wick Construction Co. for the renovation
of Oxy’s corporate headquarters. Wick, the owner of Wick Construction Co., is
also one of the five members of Oxy’s board of directors. The contract terms
are standard for this type of contract. Wick has previously informed two of the
other directors of his interest in the construction company. Oxy’s board
approves the contract by a three-to-two vote, with Wick voting with the