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I am fully cognizant that fiduciary responsibility is a guiding principle and not rote procedure, the point I am attempting to elucidate for those who throw the
by olefoo 17y ago
I am fully cognizant that fiduciary responsibility is a guiding principle and not rote procedure, the point I am attempting to elucidate for those who throw the term around so freely here. Is that fiduciary responsibility is not a substitute for moral judgment, and too narrow a construal of it leads inevitably to a place where a strict by the numbers construction of what fiduciary responsibility is demands that you take actions that are so wrong that your company should be dissolved since it is actively harmful to society.