fiduciary duty

January 20, 2021
Breach of a Fiduciary Duty serna associates

Breach of a Fiduciary Duty

Boards of Directors have legal, and arguably moral, responsibilities to shareholders who depend on them to run a business. These duties are called fiduciary duties and include the duties of care and loyalty. When a member of the Board fails to fulfill those duties and as a result, the shareholders are injured, they have the right to recover damages.