Microsoft has a “fiduciary duty” to do what is in the financial interests of shareholders and knocking back Bitcoin could go against those interests, a policy research center executive explained.
Microsoft could risk being sued by shareholders if it ultimately determines not to invest in Bitcoin and the price rises, according to the policy research center driving the proposal.
In December, Microsoft shareholders will vote on whether the company should conduct an assessment of investing in Bitcoin (BTC). The proposal is being pushed by the National Center for Public Policy Research (NCPPR).
In a statement sent to Cointelegraph, Ethan Peck, deputy director of the NCPPR’s Free Enterprise Project says the proposal could put the firm in a tight spot if it ultimately decides not to invest in the cryptocurrency.
