Primary Task Response: Write 400- 600 words that respond to the following questions with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas.
Part 1
Not only do corporations have responsibly to their customers, but their corporate officers or directors owe fiduciary duties to their corporation and its stockholders. Corporate officers, such as a chief executive officer, president, chief financial officer, treasurer, corporate secretary, and so on are agents and carry out the daily operations of a corporation.
You are Phishy Pharmaceuticals' CEO, and therefore an agent of Phishy Pharmaceuticals. As CEO (agent), what fiduciary duties do you owe the corporation (principal)?
Part 2 labeled "FOR" and "AGAINST"
Complete the following:
Review the fiduciary duties owed by an agent to the principal.
Choose a fiduciary duty, and complete the following: Provide an argument that supports your decision to leave the diet pill on the shelf.