4 ms·
"fiduciary obligation" (fiduciary duty) doesn't mean that if someone offers you above current value for your company that you are compelled to sell.
by bink 4y ago
"fiduciary obligation" (fiduciary duty) doesn't mean that if someone offers you above current value for your company that you are compelled to sell.
- kgwgk 4y agoThe shareholders voted.
- danielmarkbruce 4y agoNobody suggested they did. They have an obligation to act in shareholder's best interest. In this case, they'd have a very difficult time explaining that not suing would be in shareholder's best interest.