Frank is a board member at Lofloy Greens Inc., a publicly traded company. In addition to his duties on the board, Frank is also a full-time employee as a senior manager at Spinson Locomotives Inc. Which of the following is most likely to be true of Frank?
A. Frank is a part-time employee at Lofloy Greens.
B. Frank cannot serve as a director on Spinson Locomotives' board.
C. Frank is an outside director on Lofloy's board of directors.
D. Frank is a stockholder of Lofloy Greens.
Answer: Frank is an outside director on Lofloy's board of directors.