The fiduciary duty of the board of directors includes all of the following except for:
A) Safeguarding corporate assets
B) Promoting shareholder interests
C) Exercising care in carrying out their responsibilities
D) Representing the interests of all stakeholders

Question

Quizplus · Accepted Answer

The fiduciary duty of the board of directors does not include representation of the interests of all stakeholders. While the board should consider the impact of their actions on all stakeholders, their primary duty is to act in the best interests of the company and its shareholders.

The Fiduciary Duty of the Board of Directors Includes All