#fiduciary-duty

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www.theguardian.com
3 weeks ago
Education

Students at US universities file legal complaints over fossil fuel investments

University students file legal complaints alleging illegal investments in fossil fuels, citing breach of fiduciary duty and societal responsibility. [ more ]
www.nytimes.com
3 months ago
NYC real estate

The Condo Board Is Ruining Our Building! How Do We Get Them Out?

Condominium owners facing issues with their board of managers can take steps to remove a board member if they believe they are not fulfilling their fiduciary duties.
The New York Condominium Act provides a provision for unit owners to call a special meeting to remove a board member if they have violated the governing documents.
Challenging the board's decisions in court can be difficult due to the business judgment rule, but boards can be held accountable if they act with gross negligence or in bad faith. [ more ]
www.nytimes.com
3 months ago
Artificial intelligence

Opinion | Can Elon Musk Really Do That?

Elon Musk's recent statement about potentially developing technologies outside of Tesla if he doesn't have 25% of the voting shares has sparked discussions about corporate governance and fiduciary duty.
Musk's threat brings attention to the power dynamics between corporations, their boards, and their executives, highlighting the need for clarity in roles and responsibilities. [ more ]
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