Shareholders are the owners of the business. Lets say you owned a business and you hire a manager. Are you saying you expect the manager to put his employees in

Shareholders are the owners of the business. Lets say you owned a business and you hire a manager. Are you saying you expect the manager to put his employees interest ahead of your own? If you owned a dairy queen, are you saying the manager should keep terrible employees because he should put employees ahead of the shareholder who hired him? Since you asked for sources. Board Member/Shareholder A similar fiduciary duty can be held by corporate directors, seeing as they can be considered trustees for stockholders if on the board of a corporation, or trustees of depositors if service as director of a bank. http://www.investopedia.com/terms/f/fiduciary.asp http://www.investopedia.com/terms/f/fiduciary.asp