What are the duties of corporate directors in change of control transactions? As Jeffrey Leon and Ranjan Agarwal explain, in considering the best interests of the corporation, directors cannot seek to maximize shareholder value to the exclusion of other interests but may be required to consider all stakeholders' interests. "BCE Inc. v. 1976 Debentureholders and Canadian Corporate Directors' Duties Revisited" (2009)
Corporate Liability 14:2 at 834.
Bennett Jones