3 ms·
Absent bankruptcy, fiduciary duty to shareholders is prioritized over creditor's interests. No, this is still wrong. Shareholders are not prioritized over cred
by gamblor956 4y ago
Absent bankruptcy, fiduciary duty to shareholders is prioritized over creditor's interests.
No, this is still wrong. Shareholders are not prioritized over creditors, at any time. Shareholders are the least important stakeholders in a corporation, because by virtue of their limited investment, they have the least at risk.