Brandi is a shareholder of Cloud Servers & Routers Inc..Brandi will be deemed to have a fiduciary duty to Cloud and its minority shareholders if she has a sufficient number of shares to

Question

Quizplus · Accepted Answer

Fiduciary duty arises when a shareholder has de facto control over the company. This means that they have the power to control or influence the company's decisions, such as through board representation or majority voting power. Participating in a cumulative vote, asserting the business judgment rule, or bringing a shareholder's derivative suit does not necessarily indicate de facto control.

Brandi Is a Shareholder of Cloud Servers & Routers Inc