Problem:
Software & Gadgets, Inc. ("SGI") is interested in acquiring a smaller company to expand its operations. SGI and its board of directors are currently considering the acquisition of Gaming Technology Company ("GTC"), a small privately owned entity. Chase Olsen is a member of SGI's board and also owns 5% of the common stock of GTC. During the officially called special meeting of SGI's board of directors to discuss the GTC acquisition, Chase participated in the board's discussions but did not disclose that he owned a 5% stake in GTC. When it was time for the SGI board to vote on the acquisition of GTC, Chase abstained from the voting. Are there any issues regarding Chase Olsen's actions at the special meeting of the SGI board of directors?