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Shareholder deadlocks: Complications for directors

Directors should act methodically, record valid reasons for their business decisions, and take legal advice in cases of doubt

MY ARTICLE last week, "Boardroom dramas: shareholders in deadlock" (BT, April 6, 2015) underscored the primary duty of directors to fulfil their fiduciary duties to the company honestly, reasonably, and diligently over any other duty to opposing groups of shareholders.

In this article, I