Brandi is a shareholder of Cloud Servers & Routers Inc. Brandi will be deemed to have a fiduciary duty to Cloud and its minority shareholders if she has a sufficient number of shares to

Question

Quizplus · Accepted Answer

According to corporate law, a shareholder has a fiduciary duty to the corporation and its minority shareholders only if the shareholder exercises de facto control, meaning that they have the ability to direct the management and policies of the corporation. Therefore, choice C is the best answer. The other choices do not necessarily indicate a fiduciary duty to the corporation or its minority shareholders.

Brandi Is a Shareholder of Cloud Servers & Routers Inc