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Is this fiduciary duty to make as much money as possible (who gets to decide what the max is), or just not to scam or steal from your investors?
by newsclues 1y ago
Is this fiduciary duty to make as much money as possible (who gets to decide what the max is), or just not to scam or steal from your investors?
- mminer237 1y agoEssentially, yes, it's to increase stock value, but generally the courts are to defer to executives' judgment on such decisions as long as the executive is acting in good faith. So in practice you don't have to, like, exploit people or anything as long as you say not exploiting people is good for the long-term health of the company's good will or something.
- v5v3 1y agoAs per that article, it is said they failed to comply with a law. And complying with laws will be a given in most contracts. Making money comes after complying with law and rules.