When you created your corporation in the prior week did you consider the relationship of the stockholders to the hired management? In many instances (maybe most) when a corporation is initially created, the creators are also the managers and maybe sole employees. Over time however, if the corporation is successful, it will hire additional personnel and even managers. As your book tells you, "the management's fiduciary duty is to the shareholders not the board" but it is human nature to also take care of yourself as a manager.

Please look up current instances where there was a conflict between management and either the board or the shareholders that resulted in either a lawsuit or criminal charges and identify the problems and the resolution.Also, discuss ways to head off this issue in the future or in your own corporation.