Does a director owe a fiduciary duty to shareholders?
Nova Scotia, Canada
The following excerpt is from Hardman v. Alexander, 2003 NSSC 59 (CanLII):
In England in 1902, the decision in Percival v. Wright, [1902] 2 C.H. 421 established that a director does not owe a fiduciary duty to shareholders except in three instances. Those exceptions are not applicable in this case.
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