Comment

Comment by _heimdall

"Fiduciary duty" is the term you'll be looking for. Its a legal requirement for the fiduciary (an executive in this case) to act in the best interest of the beneficiary (the shareholder in this case).

If I'm not mistaken, case law covers the basics like acting in good faith, trust, candor, etc but one of the biggest requirements is acting in the best financial interest of shareholders.

parent _heimdall 2 years ago

Discussion

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton