A case in which our firm represents a minority shareholder suing the company’s manager, financial officer, and supervisor for damaging the company’s interests is scheduled for its first hearing on March 15.

We argue that the manager, as a senior executive of the company, owes fiduciary duties and a duty of care to the company. They must work diligently for the company’s maximum benefit and must not misappropriate company property. If they violate these duties while performing their roles and cause losses to the company, they should bear corresponding liability for damages.

When shareholders provide evidence that the company has incurred significant expenses without supporting documentation, and the manager has reimbursed a large amount of expenses unrelated to the company’s operations, the manager must provide evidence proving the reasonableness of the expenses and their relevance to the company’s operations. Otherwise, they should compensate the company for the losses incurred.