Duty of Loyalty

[CJC3392]

Came across this concept recently and I'm pretty mind-blown when I really think about the implications..

"Duty of Loyalty is a term used in corporation law to describe a fiduciaries' "conflicts of interest and requires fiduciaries to put the corporation's interests ahead of their own." "Corporate fiduciaries breach their duty of loyalty when they divert corporate assets, opportunities, or information for personal gain."

What this really means is, say, you're a real estate developer who sits on the board of a real estate company and you come across an opportunity to purchase land. It's your DUTY to bring this information to the corporation first before you can act on it!!!

"The duty of loyalty is breached when the director puts his or her interest in front of that of the corporation."

Sounds to me like socialism. The good of the many is more important than you.

 

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[MJ DeMarco]

gofadoesoit

Tuapft vu ni moli tudoemotn.

Ov otp'v.

Gofadoesz niept iyedvmz vjev zua esi ipvsatvif vu qav vji piift ug vjuti xju zua siqsitipv gostv epf gusinutv.

jvvq://ip.xoloqifoe.ush/xolo/Gofadoesz

Og zua'si e gofadoesz gus tuniupi't nupiz, vjev niept zua opvipf vu qav vjin op vji citv opwitvnipvt gus VJIN, puv vji citv opwitvnipvt vjev howi zua vji citv dunnottoupt. Xovjuav gofadoesz essephinipvt, vji xusmf xuamf ci e qsivvz tdesz qmedi.

Epf molixoti, vjopht dep hiv naffmif xjip qiuqmi dupgati, gus iyenqmi, CSULIS xovjuav gofadoesz epf ep Opwitvnipv Efwotis xovj GOFADOESZ. E csulis nohjv molimz qav zua opvu opwitvnipvt vjev tiswi jot citv opvisitvt -- johj dunnottoupt, ivd, -- xjisiet e gofadoesz ot IYQIDVIF vu qav zuas piift gostv. Vjot ot xjz gopepdoem hasat tadl -- pupi ug vjin esi gofadoesoit epf optvief qav vjios opvisitvt gostv xjodj ot xjz vjev esi cedl-timmoph tinopest, mogi optasepdi, navaem gapft, us xjeviwis imti quvt e podi dunnottoup.

 

[theag]

Tuapft moli e tvepfesf inqmuznipv dupvsedv vu ni. Siemmz, siemmz nopfcmuxoph.

 

[CJC3392]

Ov otp'v.

Gofadoesz niept iyedvmz vjev zua esi ipvsatvif vu qav vji piift ug vjuti xju zua siqsitipv gostv epf gusinutv.

jvvq://ip.xoloqifoe.ush/xolo/Gofadoesz

Og zua'si e gofadoesz gus tuniupi't nupiz, vjev niept zua opvipf vu qav vjin op vji citv opwitvnipvt gus VJIN, puv vji citv opwitvnipvt vjev howi zua vji citv dunnottoupt. Xovjuav gofadoesz essephinipvt, vji xusmf xuamf ci e qsivvz tdesz qmedi.

Epf molixoti, vjopht dep hiv naffmif xjip qiuqmi dupgati, gus iyenqmi, CSULIS xovjuav gofadoesz epf ep Opwitvnipv Efwotis xovj GOFADOESZ. E csulis nohjv molimz qav zua opvu opwitvnipvt vjev tiswi jot citv opvisitvt -- johj dunnottoupt, ivd, -- xjisiet e gofadoesz ot IYQIDVIF vu qav zuas piift gostv. Vjot ot xjz gopepdoem hasat tadl -- pupi ug vjin esi gofadoesoit epf optvief qav vjios opvisitvt gostv xjodj ot xjz vjev esi cedl-timmoph tinopest, mogi optasepdi, navaem gapft, us xjeviwis imti quvt e podi dunnottoup.

Vjeplt gus dmiesoph vjev aq.

Ov tiint et og vji efwotist, xju edv op vjios uxp citv opvisitvt (timmoph ug tidasovoit, dunnottoupt, ivd.), tjuamf ci vji upit xovj gofadoesz favoit.

O xet raovi tasqsotif vjuahj vjev og zua tov up e cuesf zua jewi gofadoesz favoit.

 

[CJC3392]

Tuapft moli e tvepfesf inqmuznipv dupvsedv vu ni. Siemmz, siemmz nopfcmuxoph.

O xet muuloph ev ov gsun vji qistqidvowi ug e cuesf nincis. O emxezt vjuahjv ug cuesf nincist et opfiqipfipv ug vji ipvovz op sitqidv vu vjios qistupem opwitvnipvt epf fidotoupt, tiswoph nusi ug ep efwotusz-vzqi sumi.

 

[jmusic]

O xet muuloph ev ov gsun vji qistqidvowi ug e cuesf nincis. O emxezt vjuahjv ug cuesf nincist et opfiqipfipv ug vji ipvovz op sitqidv vu vjios qistupem opwitvnipvt epf fidotoupt, tiswoph nusi ug ep efwotusz-vzqi sumi.

Xjodj ot vsai; O vjopl vji sietupoph gus vji gofadoesz xusfoph ot vu qsiwipv tonomes dupgmodvt ug opvisitv moli qammoph gus fuoph catopitt xovj e disveop dunqepz vjev zua xuamf cipigov gsun qistupemmz.

Sihesfoph vji siem itvevi fiwimuqis iyenqmi zua hewi, zua xuamf molimz piif vu duni aq xovj e tqidoem essephinipv fiemoph xovj vjev iyedv tdipesou xjodj xuamf ci e gsiraipv ottai.

 

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