Can you answered this question with two paragraphs. Thank you.
1. âLawyers are ordinarily prohibited from disclosing confidential client information. This attorney-client privilege is designed to permit candor between a client and their counsel. There are exceptions, however, such as when a lawyer is advised or believes a client is about to commit a crime. Still, in the corporate setting, it is rare for a lawyer to call out a client corporation. What responsibility should a corporation's lawyer have to blow-the-whistle when corporations are behaving illegally? What about the behavior of a specific officer or director? Does the fact that corporations really are not people, but are comprised of people with certain duties and roles, make any difference?
2. It is a well-established principle that corporate officers and directors have a fiduciary duty to the corporation and it's shareholders, even when it is contrary to the interests of other stakeholders (including creditors and other individuals or businesses the corporation regularly deals with). What obligations, if any, should corporate directors and officers have to third parties? What should directors and officers do when the interests of the corporation, shareholders, and creditors diverge (such as an insolvency situation)?
3. The questions of whether and who should be responsible for crimes committed by corporations are complicated and controversial. Corporate wrongdoers can be held criminally accountable under federal law and receive substantial penalties, but "white-collar" prosecutions are rare. Should corporate wrongdoers face criminal sanctions? Should the federal government vigorously enforce such laws? What effectives, if any, might this have on business in the future?
