[teachingassist]

> Corporations have a fiduciary obligation to maximize shareholder value.

I understand this statement to mean "Corporations have a fiduciary obligation to maximize shareholder value [within the law]".

Do corporations have a fiduciary obligation to change the law, as in your interpretation?

[onlyrealcuzzo]

Yes! Lobbying.

A lot of laws are essentially written by corporations for corporations.

https://en.wikipedia.org/wiki/Regulatory_capture

[teachingassist]

I get that corporations do lobby, but I was questioning whether they have an obligation to lobby.