In the context of corporate governance and liability, please explain the circums

In the context of corporate governance and liability, please explain the circums

In the context of corporate governance and liability, please explain the circumstances under which a shareholder of a corporation can be held personally liable for the company’s debts. Additionally, detail the legal protections and strategies available to shareholders to minimize their personal liability in these situations, considering factors such as piercing the corporate veil, alter-ego doctrine, and the fiduciary duties of officers and directors. Provide examples and legal precedents where applicable to illustrate the practical implications of these liability principles