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Old 01-18-2013, 09:56 AM   #122
HarryT
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Quote:
Originally Posted by Billi View Post
Is it? It should act in its own best interest, then the shareholders (normally) will be happy too. And the interests of a company and its shareholders may even be contradicting and that's totally legal too.
Under UK company law (and I believe US law, too) the directors of a company do indeed have a legal obligation to act in the best interests of the shareholders, and can be sued if they fail to do so.
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