Management and Organizational Studies 2275A/B Chapter Notes - Chapter 6: Deontological Ethics, Fiduciary, Microsoft Onenote

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: James Hildebrand

Document Summary

Professional: a person with special skills not possessed by most individuals. Given the authority to limit the use of professional designation to individuals who are members. Standards of competence that are set out as rules of conduct. Competent lawyer: a lawyer who has and applies relevant skills, attributes and values in a manner appropriate to each thing undertaken on behalf of a client. Referred to by courts when professional is accused of negligence. Agrees to perform speci ed services in return for a fee. Establishes a contractual duty of the professional owed the client. Fiduciary duty: a duty to place a client"s interest above the professional"s own interests. Avoid any con ict of interest with those of the client. Fiduciary duty of care also when a professional agrees to perform a service without a fee. Professional advice has to be carefully prepared, open and unbiased.