What is the role of the fiduciary principle in matters with respect to corporate law relating to governance?
A) to impose duties owed to the board of directors
B) to impose duties owed to the corporation
C) to uphold duties owed to creditors
D) to uphold duties owed to a group of shareholders

Question

Quizplus · Accepted Answer

The fiduciary principle in corporate law primarily imposes duties on directors and officers to act in the best interest of the corporation itself, rather than in their own interests or the interests of any particular group of shareholders or other stakeholders.

What Is the Role of the Fiduciary Principle in Matters