4 ms·
> legally obligated to act in their fiduciary interest. Can you provide a citation of which law requires this?
by davedx 5y ago
> legally obligated to act in their fiduciary interest.
Can you provide a citation of which law requires this?
- easton 5y agoIt is probably a bundle of all three, but "duty of good faith" fits the best here. "The duty to act in good faith is an obligation not only to make decisions free from self-interest, but also free of any interest that diverts the control persons from acting in the best interest of the company." (https://en.wikipedia.org/wiki/Fiduciary#Fiduciary_duties_under_Delaware_corporate_law https://en.wikipedia.org/wiki/Fiduciary#Fiduciary_duties_und...)