3 ms·

There is still a fiduciary duty to the minority shareholders by the majority shareholder

• dragonwriter 7y ago
  No, but there's a fiduciary duty of the management (even if installed by the majority shareholder) to the minority shareholders. It's a fine distinction, especially when those roles are often exercised by an overlapping set of individual people, but it's the management as a collective agent of the shareholders that owes a fiduciary duty to all, including minority, shareholders. Shareholders, as such, do not owe each other or the firm a fiduciary duty.