In the United States,managers are bound by the "duty of loyalty" to serve the shareholders.

Question

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The duty of loyalty is a legal obligation that managers have towards shareholders in the United States. This obligation requires managers to act in the best interest of the shareholders and not engage in any actions that would be detrimental to the company or its shareholders. Failure to fulfill this obligation can result in legal penalties.

In the United States,managers Are Bound by the "Duty of Loyalty