4 ms·
It's not unheard of for a board to enrich themselves. I believe a lot of the salaries for boards and executives is nothing more than a looting of the company a
by taybin 13y ago
It's not unheard of for a board to enrich themselves. I believe a lot of the salaries for boards and executives is nothing more than a looting of the company at the shareholders' and host country's expense.
- chalst 13y agoSalaries for the board is a special case, since it usually needs to be agreed by the shareholders at the AGM. This case isn't really covered by fiduciary duty, since it is not a case of the board acting as agents of the shareholders (it would be different if the pay committee actually falsified their report).