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The linked answers actively counteract this. Fiduciary duty is to the corporation, not the shareholders. The shareholders have certain limited rights but you do
by Longlius 4y ago
The linked answers actively counteract this. Fiduciary duty is to the corporation, not the shareholders. The shareholders have certain limited rights but you don't have any duty to maximize their returns.
- rcme 4y agoThat’s a meaningless distinction. Failure to meet fiduciary obligations in a way that causes provable damages to shareholders gives shareholders grounds to sue the fiduciary.