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by chalst
1710 days ago
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My regular reminder that there is no fiduciary duty to behave unethically. Fiduciary duty is a class of highly specific legal obligations on directors to act attentively and not put their own financial interests above those of shareholders. It is not an obligation to maximise return on investment. Cf. https://news.ycombinator.com/item?id=20776770 |
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