Coronavirus (COVID-19) — Fiduciary Duty of Officers
A company has no “social responsibility” to the public or society; its only responsibility is to its shareholders.
Corporate directors and officers owe fiduciary duties to the corporation and its stockholders. Corporate officers, such as a chief executive officer or president, chief financial officer or treasurer, and a corporate secretary, carry out the daily operations of your for-profit or nonprofit corporation.
We are advocating Private Sector Mitigation for Coronavirus (COVID-19), because the Public Health System, is focused on everybody, as they should, however, for example; executives of companies, have a fiduciary responsibility to their shareholders and employees.
What is the sole responsibility of a corporation to its shareholders?
A company has no “social responsibility” to the public or society; its only responsibility is to its shareholders.
Executives has a direct responsibility to their employers, indirect to employees.
Unfortunately, we live in a litigious society. – Here comes the Lawyers with the Law suites. Must do everything, and prove it with facts, to protect everyone. Best to outsource to Advisors
Lawsuits against board members and company officers can be very costly. Corporate Organization: A corporation is a legal entity owned by shareholders
Warning: to officers you cannot and should not close your business, because of the Coronavirus (COVID-19), because that is financially negative to your shareholder. Potentially exposing you and your company to class action lawsuits or direct lawsuits. Closing a business, insures losses and lowers dramatically the shareholders’ value.
Providing innovative advisory services to assist with the health and safety actions:
• States, local, tribal, territorial governments & other eligible entities
• Corporations/Companies
• Countries
Not direct assistance to individuals.
Contact us today: coronavirusCOVIDadvisors@gmail.com
www.coronaviusCOVIDAdvisors.com
#Coronavirus #COVID #COVID-19