Hacker News new | ask | show | jobs
by crdoconnor 3094 days ago
>Exactly this. The term is "fiduciary responsibility". Their directors could be sued for paying unnecessary tax

Directors have a responsibility to the corporation, they have no fiduciary responsibility to shareholders.

No shareholder would win a case against a corporation for 'paying too much tax' any more than they would win a case against a corporation for paying the directors or the CEO too much money.

This myth needs to die already.