Hi Dixie, re: “A BOD of a company have a corporate duty to act...

Hi Dixie, re: “A BOD of a company have a corporate duty to act in the best interests for All shareholders and not for their and their associates gain.”

Unfortunately that’s impossible, they will act in the best interest of the majority of shareholders (by votes if required) and probably themselves.


Quote - “Failure of the shareholder theory.

The most obvious shortfall of this traditional model is that it fails to recognize the variation of preferences of the shareholders. A company is to serve shareholders interests does not mean it may serve the interest of every single shareholder. It is more probable to carrying out a balancing exercise in ranking different interests.”