The ________ of a corporation have a legal fiduciary duty to act in the best interests of the corporation's owners.

Question

Quizplus · Accepted Answer

Directors of a corporation are responsible for making decisions that will benefit the owners (shareholders) of the corporation. This responsibility is known as their fiduciary duty. Customers, suppliers, and distributors may have relationships with the corporation, but they do not have a legal obligation to act in its best interests.

The ________ of a Corporation Have a Legal Fiduciary Duty