Vistas: Geri Stengel’s Blog: Fiduciary responsibility

Social Responsibility is a Fiduciary Duty For Businesses Large and Small

The common excuse for bad business behavior – such as laying off employees despite record profits –  is that the sacrosanct and sole fiduciary responsibility of management is to increase current shareholder profits.

Nothing else matters, the mantra goes, except profit and dividends. (Odd, how this concept doesn't seem to be violated by excessive executive compensation or political contributions but that's another story.)



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