Any precedent where shareholders have successfully sued a company for failing to exploit legal tax avoidance strategies would be appreciated. Otherwise, "forced and obligated" feels a bit of a stretch.
The board of a corporation is tasked with protecting the shareholders' investments by overseeing the selection of a CEO and corporate structural issues. And that's it.
Right. So they have a duty to select a CEO who doesn't enable the unnecessary waste of corporate money on optional taxes.
That's actually true though, they do have such a duty.
It helps to read things before you link to then....
Waste is one of a very short list of categories that are considered something no one wants: https://medium.com/bull-market/there-is-no-effective-fiducia...