Instruction
Primary Task Response: Within the Discussion Board area, write 400-600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
Part 1 (Post this response in the main U2 DB thread ?Unit 2 Discussion Board?)
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. As CEO (agent), what fiduciary duties do you owe the corporation (principal)?
Part 2 (Post this response in the appropriate topic within U2 DB [labeled "FOR" and "AGAINST"])
Complete the following:
Review the fiduciary duties owed by an agent to the principal.
Choose a fiduciary duty, and complete the following:
Based on the first initial of your last name, complete the following steps:
First initial A-L: Provide an argument that supports your decision to leave the diet pill on the shelf. Submit your position by posting in the Unit 2 Debate Forum under the FOR topic.
NOTE: In both considerations, provide research that supports your assertions.