Reprinted with permission from the S.C. Bar @scbar

While it’s black letter law that the officers and directors of a corporation owe fiduciary duties to the corporation and its shareholders, applying this principle to the facts of a new case quickly poses complex questions. For example: What duties do officers and directors have to prospective shareholders? What duties do they face regarding injuries to all shareholders collectively? What about injuries to individual shareholders that are separate and distinct from those to other shareholders?