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"board members and, as a consequence, managers have a fiduciary duty to maximise the wealth of shareholders." Not all business are publicly traded corporations
by Avshalom 17y ago
"board members and, as a consequence, managers have a fiduciary duty to maximise the wealth of shareholders."
Not all business are publicly traded corporations.
- einarvollset 17y agoDoesn't matter, also applies to shareholders of private companies.
- wjy 17y agoYes, it does. In a privately held company in the U.S., the shareholders decide what the rules are, so long as they're within the law. They have no obligation beyond that. Edit: grammar correction