It's not a legal requirement. Fiduciary duty doesn't even mean you have to act in best interests of the investors, just that you're honest and not trying to swi

It's not a legal requirement. Fiduciary duty doesn't even mean you have to act in best interests of the investors, just that you're honest and not trying to swindle them. Making it seem like it's a legal requirement however is a very good thing for all the corporate raiders out there.