Directors of a Canadian corporation owe fiduciary duties to:

Directors of a Canadian corporation owe fiduciary duties to:

Directors of a Canadian corporation owe fiduciary duties to:

A. Majority shareholders only

B. The corporation as a separate legal entity

C. Senior management of the company

D. Provincial corporate regulators

Answer: B

Explanation: Fiduciary duties are owed to the corporation, not individual shareholders (majority or minority).