…legal responsibility to act solely in the best interest of another party. “Fiduciary” means trust, and a person with a fiduciary duty has a legal obligation to maintain that trust. For example, lawyers have a fiduciary duty to act in the best interest of their clients. Similarly, physicians have a duty to care for, and […]
…Frente a las pérdidas de ventas, la cadena de supermercados británica Tesco exageró las ganancias para mantener el valor de compañía en la bolsa. Las irregularidades en las cuentas no pasaron desapercibidas….
…Amid declining sales, British supermarket chain Tesco overstated profits to maintain company value. The irregularities in accounting did not go unnoticed….
…employer to blow the whistle on the wrongdoer. As an employee, one owes a fiduciary duty to his or her firm and a duty not to look the other way while embezzlement, employee theft, insider trading, and other forms of fraudulent activity occur. Behavioral ethics has a lot to contribute to this discussion. Mary Gentile, […]
…individual or group will injure the other. In business and law, having a “fiduciary responsibility” to someone is known as having a “duty of loyalty.” For example, auditors owe a duty of loyalty to investors who rely upon the financial reports that the auditors certify. But auditors are hired and paid directly by the companies […]
