Originally posted by liz
Not correct.
Company directors are beholden to act in the interests of stakeholders, not shareholders. Shareholders are but one group of stakeholders, albeit a group with the most directly linked needs.
In particular, if a director is nominated or elected by one shareholder or group of shareholders, that director is still not entitled to vote to act in the interests of that shareholder or group of shareholders to the detriment of other shareholders (and other stakeholders). They are obliged to act in the overall best interests of shareholders and stakeholders.
Not correct.
Company directors are beholden to act in the interests of stakeholders, not shareholders. Shareholders are but one group of stakeholders, albeit a group with the most directly linked needs.
In particular, if a director is nominated or elected by one shareholder or group of shareholders, that director is still not entitled to vote to act in the interests of that shareholder or group of shareholders to the detriment of other shareholders (and other stakeholders). They are obliged to act in the overall best interests of shareholders and stakeholders.

So many of us have been through it and survived, why can't others. My Fitzroy Lions, now Brisbane Lions, friends would agree.
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