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DrFunkenstein

(8,891 posts)
3. Is Musk Fulfilling his Fiduciary Duties?
Tue Apr 1, 2025, 04:36 PM
Apr 2025

The fiduciary duty of an executive breaks down into several components:

The Duty of Loyalty: Every executive must remain loyal to the company, placing their company’s interests over their own.

The Duty of Good Faith: Every executive must do what they genuinely believe to be in the best interests of the company, and not act duplicitously or with ulterior motives.

The Duty of Care: Every executive must perform due diligence to ensure they are making well-informed decisions on behalf of their company.

The Duty to Disclose: When an executive’s fiduciary duty conflicts with other interests, such as their personal investments, they must disclose as such to the board of directors, and do whatever is necessary to cure that conflict.

https://www.bfclaws.com/business-law/what-is-an-executives-fiduciary-duty-to-their-company/#:~:text=The%20Duty%20of%20Good%20Faith,duplicitously%20or%20with%20ulterior%20motives.

Recommendations

0 members have recommended this reply (displayed in chronological order):

This is really great! Old Testament Libera Apr 2025 #1
This really only makes sense madville Apr 2025 #2
Is Musk Fulfilling his Fiduciary Duties? DrFunkenstein Apr 2025 #3
That's up to their board madville Apr 2025 #4
Yahoo! had a revolving door of them BumRushDaShow Apr 2025 #6
There's a first time for everything (let's hope anyway) vapor2 Apr 2025 #7
He should absolutely be sued Prairie Gates Apr 2025 #5
Yet another reason CitizenZero Apr 2025 #8
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