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Posted On: 05/13/2018 4:56:45 PM
Post# of 41412
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Please keep this in mind. The Board of Directors makes decisions as a fiduciary on behalf of shareholders. Fiduciary a(prudent person standard of care). Board members, the duties of care, the duty to act in good faith, the duty of loyalty. If a member of a board of directors is found to be in breach of his fiduciary duty,he can be held liable in a court of law by the company itself or its shareholders.
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