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The fiduciary duty is to the shareholders not the company.


In most countries it's not.

[1] "The court reviewed and affirmed the following principals:"

"...Directors do not, by virtue of their office, owe fiduciary duties to shareholders. Circumstances may arise in which duties are owed but only by way of exception. To achieve this, there here must be something unusual in the nature of the relationship. Special circumstances which “replicate the salient features of well-established categories of fiduciary relationships” must be present."

"...The mere fact that a director has access to the company’s affairs, or that their actions have potential to impact shareholders, does not, of itself, amount to “special circumstances“, or give rise to a special relationship. These are “inevitable” features of the relationship between directors and shareholders..."

"...The purchase of shares from a shareholder is not (on its own) sufficient to create a fiduciary duty. Even in a situation where a director is purchasing shares from a shareholder, the existence of such a duty depends on the existence of special circumstances..."

[1] https://www.morrlaw.com/commercial-law/director-shareholder-...


The email says they have no supervisors.


It says they have no supervisor _working for the township_. They do have at least two supervisors that were just sworn in for 6 years according to the meeting agenda posted before. I guess that means they are fulfilling their duties uncompensated and thus no compensation needs to be determined.


Ah, you're right. I got confused because the township managers were incorrectly referred to as "supervisors" earlier in the Twitter thread.


The packages are being delivered in the end, they just seem to be going through the US first.


patio11 works for Stripe not Square


Square already does websites for your online store https://squareup.com/online-store easy way to get customers if you already have their website to offer a store for them as well.



All my unlocks have been pretty much instant. I think its that provider pushing unlock to Apple at intervals. AT&T does they 3 day thing but that again is AT&T time to send it to Apple.


Not the state tax credits ($200 million per year) as they are refundable and effective state tax for manufacturers is 0.4%.


Others have pointed it out that it may but its also for Indian startups being able to easily accept payments internationally without setting up a US company.


Photo above the comparison with a plug.


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