In addition to the board's fiduciary responsibility to the shareholders of a corporation, the corporation's officers also owe a fiduciary duty to the shareholders, as well. While the board is ultimately responsible for major business decisions for the corporation, the board typically delegates the day-to-day business operations of the corporation to corporate officers, who, in turn, delegate certain responsibilities to various employees. If the corporate officers act in a manner that is contrary to the best interest of the corporation, or does not fully disclose information to corporate shareholders, then officers, too, may be liable for breach of the fiduciary duty to the shareholders. For example, if a corporate officer fails to permit a shareholder to access corporate books and records, then that officer may have breached its fiduciary duty to corporate shareholders. This type of open disclosure between corporate officers and shareholders is necessary to maintaining a healthy fiduciary relationship.