Cancel Culture, Breach of Fiduciary Responsibility & Shareholder Lawsuits

2021 ◽  
Author(s):  
Robert W. McGee

PEDIATRICS ◽  
1991 ◽  
Vol 88 (6) ◽  
pp. 1280-1281
Author(s):  
ARTHUR F. KOHRMAN

Of all the forms of deception, self-deception is both the most ubiquitous and the most resistant to detection and correction. When sanctioned and legitimated by professional groups, Dr Margolis1 argues, self-deception is all the more pernicious and dangerous. Most important, he asserts that the collective belief that physician behavior is not influenced by gift-giving pharmaceutical companies is an abandonment of the fiduciary responsibility of the physician and an ethical violation of the first order. Dr Margolis describes in excellent fashion how that abandonment violates fundamental ethical principles of nonmaleficence, fidelity, and justice. He also suggests that the pursuit of the self-deception threatens the very autonomy which physicians cherish as the bedrock of their professional identity.



Author(s):  
Goldie Blumenstyk

How are colleges run? Is their unusual practice of “shared governance” in danger? Public and private colleges are run by the governing boards that have fiduciary responsibility for them—be they the self-perpetuating boards of trustees that run private colleges, the politically appointed (and in some...



2008 ◽  
Vol 39 (4) ◽  
pp. 37-49 ◽  
Author(s):  
S. Viviers ◽  
N. S. Eccles ◽  
D. De Jongh ◽  
J. K. Bosch ◽  
E. V.D.M. Smit ◽  
...  

Given growing interest in the phenomenon of responsible investing (RI) in South Africa, this study set out to identify and empirically evaluate the most pertinent drivers, barriers and enablers of RI locally. Telephone interviews were conducted with a sample of pension funds, asset managers and advisory service providers during 2007. All three groups of respondents viewed fiduciary responsibility as one of the most important barriers to RI in South Africa. More legislation/regulation and evidence for increased risk-adjusted returns from local RIs were identified as key drivers of RI in South Africa, whereas the two most important enablers were seen as mainstream RI benchmarks and co-operative initiatives.





1969 ◽  
pp. 905
Author(s):  
Robert Flannigan

The boundaries of fiduciary obligation continue to be the subject of much judicial discussion. One issue is whether, or to what extent, commercial relations should be regulated by fiduciary responsibility. The author examines the arguments and concludes that no justification exists for exempting commercial actors from fiduciary accountability.



Author(s):  
Roxana Mironescu

Business ethics reflects the philosophy of business, of which one aim is to determine the fundamental purposes of a company. If a company's purpose is to maximize shareholder returns, then sacrificing profits to other concerns is a violation of its fiduciary responsibility. Ethical issues include the rights and duties between a company and its employees, suppliers, customers and neighbors, its fiduciary responsibility to its shareholders. Issues concerning relations between different companies include hostile take-overs and industrial espionage. Related issues include corporate governance; corporate social entrepreneurship; political contributions; the marketing of corporations' ethics policies. Business ethics issues are complex, due to the extensive consequences, to the many alternatives and to the conflicting results, uncertainties and the personal implications. Managers make decisions and develop actions affecting the others; if the effects are adverse, if the others are suffering, then we are dealing with an ethical issue that requires a certain level of an ethical analysis, in addition to the usual economic analysis. But what is more important above all is the recognition that every business decision or action that may affect the others. In the business Romanian environment the unethical behavior is not just an exception.



Sign in / Sign up

Export Citation Format

Share Document