Corporate officers and directors do not owe fiduciary duties of care and loyalty to shareholders.

Name: Corporate officers and directors do not owe fiduciary duties of care and loyalty to shareholders.
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Question

Quizplus · Accepted Answer

It is a standard proposition that corporate officers and directors owe fiduciary duties of care and loyalty to shareholders. Some states treat limited liability company fiduciary duties similarly to those owed in corporations, while others apply the rules for partnership.

Corporate Officers and Directors Do Not Owe Fiduciary Duties of Care