Under no circumstances do controlling shareholders owe fiduciary duties to other shareholders.

Name: Under no circumstances do controlling shareholders owe fiduciary duties to other shareholders.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Controlling shareholders are considered to have a fiduciary duty to the corporation and all shareholders, including minority shareholders. This duty includes acting in good faith, avoiding conflicts of interest, and protecting the interests of all shareholders.

Under No Circumstances Do Controlling Shareholders Owe Fiduciary Duties to Other