Journal of Business Law 1
30 Pages Posted: 17 Sep 2012 Last revised: 21 Feb 2014
Date Written: September 16, 2012
Judges have concluded that shareholders have no status fiduciary duty to their corporations. They have also concluded that majority shareholders have a status duty to minority shareholders. Both conclusions are wrong.
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
Suggested Citation: Suggested Citation
Flannigan, Robert, Shareholder Fiduciary Accountability (September 16, 2012).  Journal of Business Law 1. Available at SSRN: https://ssrn.com/abstract=2147519 or http://dx.doi.org/10.2139/ssrn.2147519