> The directors have a legal responsibility to the company Yes > and to boost the share price Not exactly. They have a fiduciary responsibility to shareholde

> The directors have a legal responsibility to the company Yes > and to boost the share price Not exactly. They have a fiduciary responsibility to shareholders and must always act in their best interests. But the law allows a great degree of freedom in interpreting that. For example, actions that may depress the share price in the short-term can be argued as being good for the long-term health of the company and the courts are OK with that argument.