College Essays-explain the legal duties imposed on corporate directors and officers, to determine whether a director or officer has violated his or her legal duties to the corporation, and to evaluate how a violation of such duties may negatively affect the corporation and its shareholders.
The purpose of this assignment is to explain the legal duties imposed on corporate directors and officers, to determine whether a director or officer has violated his or her legal duties to the corporation, and to evaluate how a violation of such duties may negatively affect the corporation and its shareholders.
Fitzgerald Foods is a food processing corporation. In the past year, three directors were forced to leave Fitzgerald Foods after it was discovered the directors breached their legal duties to the corporation. Two of the directors were also officers of the corporation. The chairman of the board at Fitzgerald Foods is concerned that the remaining directors don’t understand their legal duties to the corporation and that new directors won’t understand their duties either.
Legal Duties of Directors and Officers (a heading from policy document)
Benefits of Compliance (a heading from policy document)
Discuss the benefits of compliance for Fitzgerald Foods.
Consequences of Noncompliance (a heading from policy document)
Analyze how unethical activity by a director or officer can lead to a violation of a legal duty owed to the corporation.
Provide a brief example from a news article or court case within the last three years that demonstrates corporate director or officer liability in the United States.
