# Director’s Liability to Shareholders

**IRI:** https://folio.openlegalstandard.org/R7NkdM8YhcmzfiWmRifZdxG

## Labels

## Definition

The legal responsibility of a director to act in the best interests of the shareholders of a corporation, and the potential consequences if they fail to do so.

## Sub Class Of

- https://folio.openlegalstandard.org/R9JkfZIjkVSa5ud1tJ14w3i

## See Also

- https://folio.openlegalstandard.org/R9dPGGL1IRXLLjb1323qtj6
- https://folio.openlegalstandard.org/RkDm9J359mc6mQ5uj6uiXq

**Deprecated:** False