The board of directors of a corporation has the fiduciary responsibility of acting both with loyalty and due care for the best interests of the corporation. If a board of directors acts in a manner that is inconsistent with the best interests of the corporation, or otherwise engages in fraud or self-dealing, then there may be a breach of the fiduciary duty that is owed to corporate shareholders by law. If a board of directors breaches the fiduciary duty of loyalty and/or care, and shareholders suffer damages as a result, then the shareholders may have a legal cause of action against the board. A board is liable for any damages to the shareholders caused by the breach of fiduciary duty. Because the law presumes that a board of directors acts in good faith with respect to business decisions, however, it is essential that you, as a shareholder, contact an attorney who is knowledgeable regarding corporate law and the breach of fiduciary duty to assist you in recovering damages that you may have suffered as a result of a board's action or inaction.