Corporate directors have a fiduciary duty to make decisions in the best interests of the shareholders. This aspect of fiduciary duty is often called the shareholder primacy norm. ... But the application of the shareholder primacy norm to the ordinary business decisions of publicly traded corporations is muted by the business judgment rule.
SSRN-The Shareholder Primacy Norm by Gordon Smith
Added on 2010-02-28 15:43:49
by factor
Added on 2010-02-28 15:43:49
by factor