kaal:claim:3017612-021

Fiduciary responsibility follows actual control rather than formal office: a shareholder exercising absolute de facto control over a corporation owes fiduciary duties regardless of whether that shareholder holds de jure title.

Source quote, verbatim

If a shareholder "exercises absolute de facto control over a corporation, such actual dominion carries with it fiduciary responsibility regardless of the presence or absence of de jure titles.

From

Wulf A. Kaal, Shareholder Agreements - National Report of the United States of America (2017), III.1 Shareholders' Agreements on Shareholder Rights, p. 11
https://ssrn.com/abstract=3017612 · source PDF

Cite as

Wulf A. Kaal, Shareholder Agreements - National Report of the United States of America (2017). SSRN: https://ssrn.com/abstract=3017612

Holds when

shareholder exercises absolute de facto control or dominance

Classification

mechanismsupport: evidencedcorporate-governance

Verify

The quote above is an exact substring of the source PDF, whose sha256 is 33821db406f92efbe1698fbaed37687595c13b7ce5463b4a879df679fd4af1ac. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/6a7801bed21bc2c4...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3017612-021.md | sha256sum