The issuance of favorably priced shares to management while excluding other shareholders normally will constitute a violation of the fiduciary duty.

Name: The issuance of favorably priced shares to management while excluding other shareholders normally will constitute a violation of the fiduciary duty.
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Issuing favorably priced shares to management while excluding other shareholders can be seen as self-dealing and a breach of the duty of loyalty, which is part of fiduciary duty.

The Issuance of Favorably Priced Shares to Management While Excluding