Examlex
Informal groups in organizations can become a powerful force that managers cannot ignore.
Unanimous Shareholders' Agreement
A contract among all shareholders of a company that may alter or remove the powers of the directors.
Fiduciary Duty
An obligation to act in the best interest of another party, such as a trustee's duty towards beneficiaries.
Closely Held
A description for a corporation or company that has a small number of shareholders, often characterized by its shares not being widely available to the public.
Fiduciary Duty
A legal obligation requiring one party to act solely in another party's interest with a high standard of care, especially in matters concerning trust and confidence.
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