Shareholder Fiduciary Accountability: No Duty to the Minority

Flannigan, Robert

doi:10.2139/ssrn.2147519

Abstract

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Shareholder Fiduciary Accountability: No Duty to the Minority

Robert Flannigan

University of Saskatchewan

September 16, 2012

Abstract:
Judges have concluded that shareholders have no status fiduciary duty to their corporations. They have also concluded that majority shareholders have a status fiduciary duty to minority shareholders. Both conclusions are wrong.

Number of Pages in PDF File: 23

Keywords: shareholder, fiduciary duty, opportunism, limited access, duty of loyalty, voting, will definition, authority, division of power, majority rule, fraud on the minority, joint stock company

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Date posted: September 17, 2012 ; Last revised: October 22, 2012

Suggested Citation

Flannigan, Robert, Shareholder Fiduciary Accountability: No Duty to the Minority (September 16, 2012). Available at SSRN: http://ssrn.com/abstract=2147519 or http://dx.doi.org/10.2139/ssrn.2147519

Contact Information

Robert Flannigan (Contact Author)

University of Saskatchewan ( email )

15 Campus Drive
Saskatoon, Saskatchewan S7N 5A6
Canada
306-966-5876 (Phone)
306-966-5900 (Fax)