If managers waste company assets for personal use, shareholders are.not permitted to use the legal system to sue the managers.

Question

Quizplus · Accepted Answer

Shareholders have the legal right to sue managers who waste company assets for personal use. This is known as a breach of fiduciary duty. Shareholders can hold managers accountable through legal action if they believe the managers are not acting in the best interest of the company and its shareholders.

If Managers Waste Company Assets for Personal Use, Shareholders Are