Management has an obligation to disclose to the shareholders any acts of fraud committed by officers, executives, and others in positions of trust.

Question

Quizplus · Accepted Answer

Management has a fiduciary duty to act in the best interests of the shareholders, and this includes disclosing any acts of fraud committed by officers, executives, and others in positions of trust. Failure to disclose such information could result in legal and financial repercussions for the company and its management team.

Management Has an Obligation to Disclose to the Shareholders Any