The directors of a corporation owe duties of care and loyalty to the shareholders of the corporation. The duty of care requires directors on the board to exercise good business judgment when making decisions on behalf of the corporation. Directors have a standard of care they must abide by. This standard of care requires that directors exercise the same degree of prudence and care that a reasonably prudent person would use if he were similarly situated. The duty of loyalty requires that directors cannot personally profit at the corporation’s expense. For example, if both a director and the corporation have the same opportunity to make money, the director cannot take that opportunity for his own personal gain. He must defer to the corporation"

IMO, by not correcting Hocking and the Financial Post, the BOD is not meeting its duties to its shareholders. They should not let wrong/misleading information persist in the financial sphere of the markets.