Comment on Disney Mocked for Ludicrously Fake CGI "Actors" in Crowd Scene
Cagi@lemmy.ca 8 months agoen.m.wikipedia.org/wiki/Derivative_suit
I don’t know where you live so I can’t quote your local laws to you, but in this age of information you can Google terms and they will present relevant links. You should try it sometime.
lazylion_ca@lemmy.ca 8 months ago
Your phrasing was “legally beholden” which suggests to me that a law exists requiring directors and officers to choose the most profitable path. The wikipedia page you linked does not mention any such law. It describes a type of lawsuit that investors can bring against those running the company.
Transcendant@lemmy.world 8 months ago
Perhaps they didn’t use the right words. Iirc the correct term is ‘fiduciary duty’. A publicly traded company has a fiduciary duty to create value for shareholders.
www.lexisnexis.co.uk/legal/…/fiduciary-duties
Kolanaki@yiffit.net 8 months ago
They are only beholden to do what their shareholders collectively want. While it’s not necessarily just for profit, if the shareholders are only demanding more profits, that’s how the company will behave.