fiduciary duty
2 statements across 2 episodes · 0 bullish · 2 bearish · 1 people on the record · first statement Oct 29, 2023 by Eric Ries · across every show →
Everything said about fiduciary duty, oldest first
Oct 29, 2023 negative
Ries: Standard Silicon Valley incorporation articles compel selling to highest bidder
“Believe it or not, if you got, if you went to a fancy law firm and they filed for you the standard articles of incorporation that are used in Silicon Valley, most governance experts upon reading those documents would say you have a fiduciary duty to say yes.”
May 10, 2026 negative
Ries: Standard corporate charters legally bind boards to accept higher buyout offers
“According to the legal documents, you yourself signed your company's literal charter that you have right now, and this is not some hypothetical future thing you've already put in motion. A rule that says you have a fiduciary duty to say yes in this situation.”