It’s in the share holders best interest for the company to report honestly, forecast correctly, manage the business professionally, take and manage risks appropriately, meet the companies legal obligations to all parties.
It is not it the best interest of shareholders to fail in the above or to pay large dividends when the performance of the business doesn’t justify it
If they get the above list right then the shareholders investments have been justified and they deserve just reward. The failure here is with the directors of the business.