SMG SM 131 Lecture Notes - Lecture 60: Fiduciary
28 Apr 2016
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Duty of board of directs: duty of loyalty and care. Also partly a fiduciary duty and will not have other family members or closest friend because of inherent conflict of interest. They are supposed to be very independent of a company as a whole. Board of directors have a restricted financial stake in the company. They have certain period where they can"t sell and handle their shares. Dinner bill: i wanna say there"s no pressure, then go ahead and pay. But if i"m in the situation, i wonder what i"d really want to do. Company wondering if they should air a segment or not. Merging with another company could affect more finances negatively. It would support airing the segment because it"s the right thing to do.
