What is self dealing?
Self-dealing is favoring yourself over investors. It’s a very basic principle to not breach. Pierre Fitzgibbon & Investissement Quebec are breaking that simple rule when they negotiated with potential investors for the refinancing of Nemaska Lithium.
For more information about self dealing:
Self dealing on Wikipedia
Self dealing on Investopedia
Self-dealing is a breach of the duty of loyalty. The duty of loyalty requires that a director not self-deal or enrich herself. Rather, she should be motivated solely by what is in the best interests of the company and its common shareholders.