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>Exactly this. The term is "fiduciary responsibility". Their directors could be sued for paying unnecessary tax Directors have a responsibility to the corporat
by crdoconnor 9y ago
>Exactly this. The term is "fiduciary responsibility". Their directors could be sued for paying unnecessary tax
Directors have a responsibility to the corporation, they have no fiduciary responsibility to shareholders.
No shareholder would win a case against a corporation for 'paying too much tax' any more than they would win a case against a corporation for paying the directors or the CEO too much money.
This myth needs to die already.