Officers and directors of a corporation owe to the corporation the subordination of their self-interest to the interest of the corporation and owe constant loyalty to the corporation.This duty is the:

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Fiduciary duty is the legal obligation of officers and directors to act in the best interest of the corporation and its shareholders. This duty requires subordination of their personal interests to the interests of the corporation and the obligation to exercise good faith, loyalty, and care in making decisions that affect the corporation. This duty is a fundamental principle of corporate law and is essential to maintaining the integrity of the corporate structure.

Officers and Directors of a Corporation Owe to the Corporation