Every corporation--including small businesses and newly-formed startups--will have a board of directors. The board of directors of a corporation has broad power to oversee the business of a corporation. This article explains the law around two crucial questions about these powers--who is the proper beneficiary of the board's exercise of these powers, and what duties does the board owe to these beneficiaries?
- Summary by FizzLaw Team
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Board of Directors' Fiduciary Duties to Shareholders