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Fiduciary Duty And The Public Interest, Cheryl L. Wade
Fiduciary Duty And The Public Interest, Cheryl L. Wade
Faculty Publications
(Excerpt)
Professor Tamar Frankel’s excellent book, Fiduciary Law, is a thorough and comprehensive look at the fiduciary-law forest. My contribution to the Symposium on The Role of Fiduciary Law and Trust in the Twenty-First Century is one leaf on one branch of one tree in the forest that Professor Frankel so expertly navigates. In this Essay, I explore the fiduciary relationship between corporate directors and officers and the shareholders they serve. I examine how the breach of fiduciary duties owed to shareholders has the power to dramatically impact non-shareholder groups.
Professor Frankel accurately observes that “[f]iduciary duties are anchored …