In the Unit 1 Discussion Board, you analyzed a corporation’s social responsibility with regard to its customers. Not only do corporations have responsibly to their customers, but their corporate officers or directors owe fiduciary duties to their corporation and its stockholders. Corporate officers, such as a chief executive officer, president, chief financial officer, treasurer, corporate secretary, and so on are agents and carry out the daily operations of a corporation.
You are Phishy Pharmaceuticals’ CEO, and therefore an agent of Phishy Pharmaceuticals. This week you have learned agents have fiduciary duties they owe the corporation (principal)? Choose a fiduciary duty, and complete the following:
- complete the following steps:
- Provide an argument as an agent (CEO) with a duty to the principle (Phishy) that supports your decision to remove the diet pill from the shelf.
Write 500 words