In the United States,managers are legally bound by the "duty of loyalty" to

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The duty of loyalty requires managers to act in the best interests of the shareholders, who are the owners of the company. This means that managers must put aside their personal interests and avoid conflicts of interest that could harm the company or its shareholders. While managers also have a responsibility to the board of directors and other stakeholders, the duty of loyalty is primarily focused on the fiduciary duty to the shareholders.

In the United States,managers Are Legally Bound by the "Duty