Directors of privately held corporations' paramount responsibility is to protect the best interests of shareholders.

Name: Directors of privately held corporations' paramount responsibility is to protect the best interests of shareholders.
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Question

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In privately held corporations, directors have a fiduciary duty to act in the best interests of the corporation itself, which may include considering the interests of shareholders, but their responsibility is not solely to protect shareholders' interests.

Directors of Privately Held Corporations' Paramount Responsibility Is to Protect