Custom Writing Service-Duties Of Corporate Directors And Officers

Custom Writing Service-Duties Of Corporate Directors And Officers

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.

You are the chief executive officer (CEO) of the corporation. The chairman of the board asked you to work with the corporation’s legal counsel to create a company policy document for directors and officers about their legal duties to the corporation.

• Legal Duties of Directors and Officers (a heading from policy document)
  • Explain the legal duties of directors and officers to the corporation, including the “business judgment rule.”
• 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.