Frontera Energy Corp T.FEC

What are the fiduciary duties of a Chairman of the Board?

[kcac1]

I would say a good case could be made for abusing/violating all 4. Particularly #2 and CGX. Who is supposed to enforce these duties, with 3 Canadian companies involved, when counting Catalyst?

"The chairman of the board of a publicly traded company has several key fiduciary duties, which are essential for ensuring ethical governance and protecting the interests of shareholders. These duties include:

1. Duty of Care: The chairman must make informed and prudent decisions, acting with the same care that a reasonably prudent person would use in similar circumstances. This involves staying well-informed about the company’s operations and financial status¹.

2. Duty of Loyalty: The chairman must prioritize the interests of the company and its shareholders above personal interests. This means avoiding conflicts of interest and not using their position for personal gain².

3. Duty of Obedience: The chairman must ensure that the company complies with all applicable laws, regulations, and corporate policies. This includes adhering to the company’s charter and bylaws¹.

4. Duty to Act in Good Faith: The chairman must act honestly and with integrity, making decisions that they believe are in the best interests of the company and its shareholders³.

These duties form the foundation of good corporate governance and help maintain trust and stability within the organization."

 

 

[Frank007]

lol....in Canada all the banksters manipulate the market ...no ever gets charged ...that's why juniors list here ....lol ....lots of frontera buying in the Us today ...maybe the sec will stick it to these crooks ...certainly not here in Canada ...lol ...