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 cannot prioritize their own interests or the interests of any other stakeholders, such as the bondholders or government, over the interests of the shareholders. The board of directors, while important in overseeing the company and setting its strategic direction, ultimately represents the shareholders and therefore falls under the duty of loyalty to them as well.

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