Fiduciary

that the stockholder and market-failure models overlook. This enables managers to make decisions that lead to a socially optimal result. Why not the stockholder model: Friedman champions the stockholder model which states that a manager has a fiduciary duty to maximize shareholder profits. When shareholders give their money to the manager they expect the money to be spent serving their interests. The manager would be wrong to use the money for any other purpose as it is not her money to…

Introduction: My employer, FMC Technologies, Inc., is a leading global supplier of advanced technology solutions for the oil and gas energy industry. I work for a business unit of FMC, Measurement Solutions, one of a few global suppliers of advanced process control systems for lube oil blending applications. We provide design, engineering, equipment, project management, commissioning and training services for manufacturers in the petroleum lubricants, fuel, chemicals, and grease blending…

ethics. Even though code of Ethics are completely voluntary and our legal structure allows companies and managers to make up their own rules to follow along with the change that each company will keep. Each managers and executives, should all have a fiduciary duty to act in the best interest of the company and its shareholders. Unfortunately, the managers and leaders of the Enron company felt they had become invincible to…

interest, financial or otherwise, that may negatively affect a paralegal’s ability to fulfill her professional and ethical obligations to a client. With these two definitions it is clear to see that there is a definitive conflict between your fiduciary duty and personal beliefs. This conflict between your personal opinions/beliefs and your duty to your client would make it virtually impossible to properly advocate for your client. Keeping the definition in mind, and setting aside your duty…

the issue of whether or not, as a director, Marlow violated any duties by using his position in the company to form a competing business. But before an adequate conclusion about this issue can be drawn, its important to analyze all of the possible fiduciary duties that could apply to a member on the board of directors. In this case, there are two primary duties, the duty of loyalty and the duty of care, both of which work towards protecting the legitimacy and integrity of a business. The duty…

A human resources policy manual, also colloquially known as an “employee handbook,” is a document which sets the tone for the company’s overall employee relationship philosophy. This document informs employees of the policies and procedures of the company who has hired them and some of their rights and responsibilities to this company (Gomez-Mejia, Balkin, & Cardy, 2016; Guerin & DelPo, 2005; Lawson, 1998). There is no particular law that requires an employer to publish a policy manual. That…

The role of the lawyer ranges from a duty to avoid conflicts of interest to providing the utmost loyalty to the client. As Marshall’s statement mainly refers to partisanship, neutrality and non-accountability, this essay will discuss them with reference to the lawyer’s role and role-differentiated morality. The mental health of solicitors and future directions will also be analysed. The standard conception The standard conception notes the role of the lawyer is governed by three broad…

provide more jobs, and employ more people. Providing a version of Facebook to china will gain access to 1.4 billion Chinese people (NYT, 2016). The more we expand the more money we can create and provide for our microcosm we have created. We have a fiduciary duty to our stockholders, meaning we follow the economic model of corporate social responsibility. We seek profit within the law and do not cheat our customers (Panmore, 2016). Without the pursuit to make a profit there would not be a reason…

Case Q: Whose Hospital? Background of the situation: In June of 1979, the medical staff at Brendan Hospital held a mass meeting at the hospital to discuss various allegations against CEO, Don Wherry. A petition was signed by half the medical staff and by half the employees of the hospital at the mass meeting. The petition demanded Don Wherry’s resignation and even included threats of forgoing patient care if he did not step down. Four doctors and nurse representatives met with the board of…

Single Mother of Two Passes Away From Cancer; Will Not Properly Prepared A single mother of two, who succumbed to cancer made the week’s headlines. The story goes that when she first got aware of her condition she immediately started to make will preparations as is the norm employing the use of Legalzoom.com. Eventually, she was able to come up with a “legal will” complying with all standards, including the witnessing formalities as par the requirements of the law of Florida. The details stated…