I know the board has some fiduciary duty, but can a company put some guardrails on it when they go public, like saying the environment will always come first, or employees or customers or something?
I know the board has some fiduciary duty, but can a company put some guardrails on it when they go public, like saying the environment will always come first, or employees or customers or something?
This isn’t really true. And is actually exactly what the law is meant to protect. The 51% owner isn’t allowed to purposely tank the company and screw over the other 49% just because they vote.