There is no legal basis for this claim.
https://hbr.org/2010/04/the-myth-of-shareholder-capitalism
So to take your differently put question, would I buy stock in a company that doesn't act this way? Hell yes I would. It means they're likely adults and not just looking out purely for the bottom line. Which tends to lead to bad results.
Thanks; Intresting. A look at what the duties are might be this: http://www.oecd.org/daf/ca/corporategovernanceprinciples/187...
There is no legal basis for this claim.
https://hbr.org/2010/04/the-myth-of-shareholder-capitalism
So to take your differently put question, would I buy stock in a company that doesn't act this way? Hell yes I would. It means they're likely adults and not just looking out purely for the bottom line. Which tends to lead to bad results.