Once a sale or breakup of the corporation is inevitable,directors have a fiduciary duty to obtain the best available price for the shareholders.

Question

Quizplus · Accepted Answer

According to the legal principle of fiduciary duty, directors are obligated to act in the best interests of shareholders, and obtaining the best available price during a sale or breakup of the corporation is part of this obligation. Failure to do so could result in legal liability for the directors.

Once a Sale or Breakup of the Corporation Is Inevitable,directors