Q • Explain the legal duties that Jeff and Joan, as majority shareholders, have to Henry and Martha as minority shareholders. What are their duties to Henry (an owner) as directors of the corporation? • Define the types of ethical duties Jeff, Joan, Martha, and Henry have to each other as owners of the company. What about as family members? • Provide suggested steps the family can take to abide by their legal duties as directors and officers, yet still preserve relationships between family members.