Which of the following corporate members do not have a fiduciary duty to the corporation?

Question

Quizplus · Accepted Answer

Shareholders do not have a fiduciary duty to the corporation. Their interest lies in maximizing the return on their investment, rather than acting in the best interest of the corporation as a whole. Officers and directors have a fiduciary duty to act in the best interest of the corporation, and controlling shareholders may have a heightened fiduciary duty due to their level of control over the company.

Which of the Following Corporate Members Do Not Have a Fiduciary