3 ms·
They don't have any duty as far as governing the non-profit, but as majority shareholder of the for-profit subsidiary, the non-profit would still have a fiducia
by sangreal 3y ago
They don't have any duty as far as governing the non-profit, but as majority shareholder of the for-profit subsidiary, the non-profit would still have a fiduciary duty to the subsidiary's minority shareholders.
- ivalm 3y agoDuties to not dilute them or specifically target them, but majority can absolutely make decisions about executives even if those decisions are perceived as harmful.