Fiduciary duty is the legal and ethical obligation of someone who manages money or makes decisions on behalf of others to act honestly, loyally, and in the best financial interest of those people. Think of it like a trusted guardian managing a household budget who must put the family's needs ahead of their own; for investors, it reduces the risk of conflicts of interest, mismanagement, or self-dealing and helps protect their assets and returns.
delaware lawregulatory
The body of laws and court decisions that govern companies incorporated in Delaware, often acting as the rulebook and referee for corporate behavior. It matters to investors because many public companies choose Delaware for its predictable rules on governance, mergers, shareholder rights and dispute resolution—similar to picking a venue with a trusted rulebook and experienced referees, which reduces legal uncertainty and can affect company value and takeover outcomes.
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NEW YORK--(BUSINESS WIRE)--
TOMS Capital Investment Management (“TCIM”), one of the largest shareholders of Voya Financial, Inc. (NYSE: VOYA) (“Voya” or the “Company”), today issued the following statement in response to media reports of recent takeover interest in the Company:
“As we have said from the outset, Voya is an exceptional franchise with talented and dedicated employees.
Today's media reports further reinforce our long-held view that Voya's Board of Directors must fulfill its fiduciary duty under Delaware law by engaging constructively with any and all interested parties to maximize value for shareholders.”
