What are the duties owed by corporate officers


Problem

a) Per your textbook, what are the duties owed by corporate officers to their corporations and shareholders? What are the consequences of their failure to uphold these duties?

b) In your opinion, do corporate officers and directors of private prison corporations also owe fiduciary duties to their other corporate stakeholders, including their inmates? If so, do the officers and directors of private prison corporations face any special problems with regard to upholding the fiduciary duties to their inmates?

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Business Law and Ethics: What are the duties owed by corporate officers
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