Reply to post: Re: "fiduciary duty ... board's responsibility ... to maximise profit"

UKCloud latest to sign Memorandum of Understanding with UK.gov ahead of cloud mega framework

Anonymous Coward
Anonymous Coward

Re: "fiduciary duty ... board's responsibility ... to maximise profit"

No, it isn't. That's a (convenient) myth (for sociopaths to hide behind).

There is no legal requirement to do any such thing in general (UK) company law, unless it is added in the company's formation documents.

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