A Shareholder That Owns Sufficient Shares to Exercise De Facto

question 21

True/False

A shareholder that owns sufficient shares to exercise de facto control over a corpora?tion owes a fiduciary duty to the minority shareholders.

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Definitions:

Autonomy

The ability or right to make one's own decisions without interference from others, often linked to the development of self-reliance and independence.

Paid Family Leave

Employment benefit allowing workers to take paid time off to attend to family matters, such as childbirth or family illness.

The United States

A country in North America with 50 states and a federal district, known for its economic and military influence globally.

Paid Leave

Time off from work for which an employee is compensated, often due to reasons such as vacation, illness, or family care.