Directors of a corporation are held to a fiduciary duty of loyalty to the managers of the corporation.

Name: Directors of a corporation are held to a fiduciary duty of loyalty to the managers of the corporation.
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Question

Quizplus · Accepted Answer

Directors of a corporation are actually held to a fiduciary duty of loyalty to the shareholders of the corporation, not the managers. They must act in the best interest of the shareholders and avoid any self-dealing or conflicts of interest.

Directors of a Corporation Are Held to a Fiduciary Duty