Percival v Wright [1902] 2 Ch 401 is a UK company law case concerning directors' duties, holding that directors only owe duties of loyalty to the company, and not to individual shareholders.

Shareholders in Nixon's Navigation Co. wanted to sell their shares, and requested that the company's secretary find purchasers.

The plaintiff sued, claiming breach of fiduciary duty, in that the shareholders should have been told of these negotiations.

[1] Swinfen Eady J held the directors owed duties to the company and not shareholders individually.

The plaintiffs’ case wholly fails, and must be dismissed with costs.Percival v Wright is still considered to be good law, and was followed by the House of Lords in Johnson v Gore Wood & Co [2000] UKHL 65[citation needed].