Craig, as to your statement, which I have highligh
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Posted On: 02/23/2022 7:24:06 PM
Re: craigakess #119017
Craig, as to your statement, which I have highlighted, have you ever heard of a fiduciary duty?
I pulled the following off some law firm's website, which statement seems accurate to me:
Quote:
I have no idea what mgmt is doing except for letting us know they have no regard for us. It's ok, their first duty is to the company, not us. Doesn't make it right or SMART though. Why would anyone new invest? Duh.
I pulled the following off some law firm's website, which statement seems accurate to me:
Quote:
Generally, the board of directors and CEO have a fiduciary duty to shareholders. The CEO also has a duty of care, loyalty, and disclosure. The duty of care entails a responsibility to consider all relevant information before moving forward with a business decision, the duty of loyalty to act in the best interests of the shareholders and the duty of disclosure to fully inform the board of directors and the shareholders about major issues that may face the business.
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