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Anit [1.1K]
3 years ago
5

Personal values and work values cannot be related.

Business
1 answer:
Katarina [22]3 years ago
5 0

Answer:

False

Explanation:

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Ethics Lawrence Gaffney was the president and general manager of Ideal Tape Company (Ideal). Ideal, which was a subsidiary of Ch
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Answer:

Fiduciary Duty

1. The two main duties of company directors and top managers are the duty of care and the fiduciary duty of loyalty.  The fiduciary duty of loyalty requires that managers act in the best economic interest of the company without engaging in activities that give rise to personal economic conflict.

2. Gaffney did not act ethically in this case.  He did not avoid conflict of interest as an officer of Chelsea Corporation.

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Explanation:

When a fiduciary duty of loyalty is breached, the corporation can  damages.  The court will usually base the damages on the salaries of the officer who breached his fiduciary duty within the application period.

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