Journal of Business Law, p. 277, 2004
26 Pages Posted: 8 Dec 2004
Conceptual confusion hobbles the application of fiduciary responsibility in the corporate context. The main difficulty is that judges have wrongly characterized corporate law issues as matters of fiduciary regulation. The author sets out the conventional justification for the status and fact-based fiduciary obligations of shareholders and directors and then explains how the corporate jurisprudence has gone astray.
Keywords: Fiduciary, director, shareholder, accountability, regulation
Suggested Citation: Suggested Citation
Flannigan, Robert, Fiduciary Duties of Shareholders and Directors. Journal of Business Law, p. 277, 2004. Available at SSRN: https://ssrn.com/abstract=628775