Shareholder Fiduciary Accountability

[2014] Journal of Business Law 1

30 Pages Posted: 17 Sep 2012 Last revised: 21 Feb 2014

Date Written: 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 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

Flannigan, Robert, Shareholder Fiduciary Accountability (September 16, 2012). [2014] Journal of Business Law 1. Available at SSRN: https://ssrn.com/abstract=2147519 or http://dx.doi.org/10.2139/ssrn.2147519

Robert Flannigan (Contact Author)

University of Saskatchewan ( email )

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

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