Download this Paper Open PDF in Browser

Fiduciary Duties of Shareholders and Directors

Journal of Business Law, p. 277, 2004

26 Pages Posted: 8 Dec 2004  

Robert Flannigan

University of Saskatchewan


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

Flannigan, Robert, Fiduciary Duties of Shareholders and Directors. Journal of Business Law, p. 277, 2004. Available at SSRN:

Robert Flannigan (Contact Author)

University of Saskatchewan ( email )

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

Paper statistics

Abstract Views