Jan is a controlling shareholder in E-treme,Inc.Under the law,controlling shareholders must include minority shareholders in any favorable arrangements that they make for their own stock.

Question

Quizplus · Accepted Answer

This statement is true as controlling shareholders have a fiduciary duty to act in the best interests of all shareholders and to not unfairly benefit themselves at the expense of minority shareholders. This duty includes including minority shareholders in any favorable arrangements they make for their own stock.

Jan Is a Controlling Shareholder in E-Treme,Inc