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by gregsq
5039 days ago
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There is no law that obligates the directors of a company to maximise profit, at least under the Corporations Act that I know of in the UK. There is a statutory requirement to act in the best interests of the legal entity that is the corporation, and what these obligations are has been further defined under case law. There is no such law here in the UK. I will leave the US corporation law context to someone else with specific knowledge. |
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