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The shareholder was found to be a shadow director and had fiduciary responsibilities to the business, at least in regard to the directives or
The shareholder was found to be a shadow director and had fiduciary responsibilities to the business, at least in regard to the directives or instructions he had given the director, according to the High Court. According to the decision, when a shadow director gives orders or instructions, he or she takes responsibility for the company's operations and should be held to fiduciary standards.
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