This article examines the fiduciary relationship between corporate officers and directors, and the shareholders they serve. In recent years, the breakdown of the fiduciary relationship and the failure of the corporate model have received much attention, as the headlines of Wall Street's endless fiduciary scandals adequately illustrate. What is the root of this failure, and what, if anything, are the remedies? Case analysis will demonstrate the pandemic problem involving fiduciary responsibility, demonstrating the need for reform. This review will identify systemic corporate fiduciary weaknesses and underlying causes. Recommendations for change to alleviate fiduciary failure will be discussed, with focus placed on ethics and need for revitalized instruction.
"TREACHERY AND BETRAYAL- AN ANALYSIS OF THE MODERN FIDUCIARY BEHAVIOR OF CORPORATE DIRECTORS AND MANAGEMENT- THE NEED FOR SCHOOLING IN THE BUSINESS ETHICS OF TOMORROW,"
Journal of Business & Leadership (2005-2012): Vol. 2
, Article 11.
Available at: http://scholars.fhsu.edu/jbl/vol2/iss2/11