Best defense against lawsuit from the shareholders

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Henry is a director and officer of Sony, Inc. Henry makes a decision that results in a dramatic decrease in profits for Sony and its shareholders. The shareholders accuse Henry of breaching his fiduciary duty to Sony. What is Henry’s best defense against a lawsuit from the shareholders? Make sure to explain why. Later, the Sony board of directors considers a resolution for the firm to expand operations and compete with a new international firm, Samsung, Inc. Henry is a director and shareholder of Samsung as well. What is Henry’s responsibility in this situation?

Reference no: EM132303716

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