Part 1: one article or more
When Facebook went notorious, its disclosure muniment said:
As a consideration constituent and official, Mr. Zuckerberg owes a fiduciary part to our stockholders and must act in good-natured-natured credulity in a mode he reasonably believes to be in the best interests of our stockholders. As a stockholder, flush a powerful stockholder, Mr. Zuckerberg is entitled to articulation his shares in his own interests, which may not frequently be in the interests of our stockholders.
Should municipal laws enjoin Zuckerberg to guide the order outside commanding a part to act in the best interests of the other shareholders?
Part 2: one article or more
An appraiser valued a adjuvant of Signal Co. at among $230 darling and $260 darling. Six months following, Burmah Oil exhibited to buy the adjuvant at $480 darling, giving Signal merely three days to reply. The consideration of directors not spurious the exhibit outside obtaining an updated valuation of the adjuvant or determining if other companies would exhibit a loftier figure. Members of the consideration were obstructed, after a while a exalted negotiate of knowledge in the oil diligence. A Signal Co. shareholder sued the consideration for having violated the part of solicitude. Is the Signal consideration guarded by the vocation decision government?