If you read our last blog post, you know that we are diving into the issue of breach of fiduciary duty and remedies. We basically defined it, and discussed what happens when a breach occurs. Understanding fiduciary duty is an important part of business law.
Understanding fiduciary duty is an important part of business law. Shareholders depend of Boards of Directors to run a business, and those boards have legal (if not moral) responsibilities. As far as the law is concerned, when shareholders are harmed because a board member breached those duties, it is their right to recover damages.