Yes. But the duty is to put the best interests of the company first. This is ambiguous because it can mean long-term health and stability, or as is more common lately, companies have decided that short-term profits over all else.

So there is no duty to "grow at any cost". They can be profitable and stable and define that as the best interests of the company.

I'm getting sick of how the law mandates in favor of companies pushing for unreasonable, untenable and sometimes even destructive growth.