Below is information about DOES OFFICER OF CORPORATION OWE SHAREHOLDER FIDUCIARY DUTY from a variety of sources. Please take a look at the materials that our team has selected for you.
https://tomorrowslegend.wordpress.com/2015/07/31/does-a-corporation-owe-fiduciary-duty-to-shareholders/
https://www.duanemorris.com/articles/corporations_dont_independently_owe_fiduciary_duties_to_stockholders_renck_5297.html
In other words, a corporation does not owe fiduciary duties to its stockholders. The court cited to Arnold v. Society for Savings Bancorp, 678 A.2d 533 (Del. 1996); In re Dataproducts Shareholders Litigation, 1991 Del. Ch. LEXIS 149 (Del Ch. Aug. 22, 1991); and In re Wayport Litigation, 76 A.3d 296 (Del Ch. 2013), as authority for this holding. Even the cases cited by the vice chancellor …
https://www.alllaw.com/articles/nolo/business/corporate-fiduciary-duties.html
https://thebusinessprofessor.com/business-governance/fiduciary-duties-of-corporate-shareholders
Generally, shareholders of a corporation do not owe fiduciary duties to other shareholders. This situation may change in closely-held corporations or in corporations where shareholders also serve as officers or director. State law varies as to the extent that a shareholder owes fiduciary duties to the corporation itself.
https://www.oflaherty-law.com/learn-about-law/fiduciary-duties-of-corporate-officers-and-director
Corporate officers and directors have fiduciary duties to their company and all of the people they represent. Directors are typically responsible for overseeing the company, attending board meetings, and promoting the best interests of the company. Corporate officers, including the President, Vice President, Secretary and Treasurer, manage the day-to-day …
https://www.stimmel-law.com/en/articles/corporate-officers-duties-and-fiduciary-responsibilities
Directors and officers of corporations owe fiduciary duties to corporate stockholders and to the corporate business entity itself. In the corporate setting, the fiduciary duty requires both directors and officers to apply their best business judgment, to act in good faith, and to promote the best interests of the corporation.
https://yourbusiness.azcentral.com/corporation-owe-fiduciary-duty-shareholders-21523.html
A fiduciary must put the principal's interests above her own interests. Duties Owed to Shareholders Most owners of small corporations serve on the board of directors. A …
https://focuslawla.com/directors-corporations-owe-fiduciary-duty-shareholders/
Directors, Not Corporations, Owe a Fiduciary Duty to Shareholders. A corporation, in and of itself, is a legal entity. Laws have been established to encourage their creation to help the economy grow. It’s a vehicle by which investors can engage in business while limiting their financial and legal liabilities.
https://danashultz.com/2013/01/17/do-llc-officers-have-a-fiduciary-duty/
Officers of a corporation have a fiduciary duty to both the corporation and its shareholders. (See California Officers Need to Be More Careful than Directors .) I recently had to consider, for a limited liability company in California, whether LLC officers have a similar duty. Section references below have been updated to reflect California’s new LLC law that took …
https://clsbluesky.law.columbia.edu/2020/03/09/why-controlling-shareholders-are-not-fiduciaries/
Second, shareholder relationships are not fiduciary. A controlling shareholder enjoys what power it has to control through the accumulation of property in shares; it has not been authorized to act for, and has not undertaken to represent, minority shareholders.
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