A Shareholder Can Sue a Director or Officer If the Shareholder

question 77

True/False

A shareholder can sue a director or officer if the shareholder feels that the director or officer has caused harm to the business by violating a fiduciary duty.

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Definitions:

Hourly Wages

A rate an employer agrees to pay a worker for each hour worked.

Commission

A fee or percentage awarded to an individual or group for performing a service or facilitating a transaction.

Required Deduction

A mandatory subtraction from gross income, such as taxes or social security contributions, which lowers taxable income.

Unemployment Tax

A tax imposed by governments on employers based on the wages paid to employees, used to fund unemployment compensation programs.