Shareholders and directors of a corporation both have personal limited liability as against the liabilities of the corporation, but shareholders have their liability even more limited than do the directors.

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Calvin Zeljak · Accepted Answer

Final Answer : True, Explanation :  Shareholders have limited liability, meaning they are only liable up to the amount they invested in the corporation. Directors, while also having limited liability, can be held personally liable in certain situations, such as breaches of fiduciary duty.

Shareholders and directors of a corporation both have personal limited liability as against the liabilities of the corporation, but shareholders have their liability even more limited than do the directors.

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