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Should a shareholder owe a fiduciary obligation to the corporation or to other shareholders? What if...

Should a shareholder owe a fiduciary obligation to the corporation or to other shareholders? What if she is a major shareholder?

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Answer #1

Shareholders who do not have a controlling stake generally do not have any fiduciary duty to the company as well as the company but does when working in a group of shareholders and has a controlling share.

Coming to the majority shareholders, they definitely owe a fiduciary obligation towards the company as well as the other shareholders, because their decision and voting rights will have an impact on the overall company and also the other shareholders investment.

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