Abstract
The board of directors plays a key role in reducing management risk; because of its fiduciary duties, its prime obligation is to safeguard the interests of the shareholders and, in the event of conflicts of interest between the shareholders and other (legal) entities involved in the fund, its first duty is towards the shareholders.
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© 2003 Otto Loistl and Robert Petrag
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Loistl, O., Petrag, R. (2003). A Description of the Structural Components of the Systematic Classification of the Synopsis. In: Asset Management Standards. Finance and Capital Markets Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781403946058_3
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DOI: https://doi.org/10.1057/9781403946058_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-50939-3
Online ISBN: 978-1-4039-4605-8
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)