http://blogs.law.harvard.edu/corpgov/2008/01/14/the-constituency-director/ Sponsored by the HLS Corporate Governance Program Tue, 01 Dec 2009 04:03:01 -0500 http://wordpress.org/?v=2.8.4 hourly 1 http://blogs.law.harvard.edu/corpgov/2008/01/14/the-constituency-director/comment-page-1/#comment-15631 Caroline V Rider Fri, 25 Jan 2008 19:51:11 +0000 http://blogs.law.harvard.edu/corpgov/2008/01/14/the-constituency-director/#comment-15631 The last paragraph of your post interests me particularly. When an action would be in the immediate financial interest of the current shareholders (paring of R&D to enhance current earnings) but may NOT be in the CORPORATION's best interest....its viability and opportunities for enhanced profitability in the future.....is the directors' primary fiduciary responsibility to the corporation, or to the (current) shareholders? Is case law silent on this, or unanimous, or mixed......? The last paragraph of your post interests me particularly. When an action would be in the immediate financial interest of the current shareholders (paring of R&D to enhance current earnings) but may NOT be in the CORPORATION’s best interest….its viability and opportunities for enhanced profitability in the future…..is the directors’ primary fiduciary responsibility to the corporation, or to the (current) shareholders? Is case law silent on this, or unanimous, or mixed……?

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