ACC 504 Ethics Case 1: Lord Conrad Black’s Fiduciary Duty?

ACC 504 Ethics Case 1: Lord Conrad Black’s Fiduciary Duty?

 

Ethics Case 1: Lord Conrad Black’s Fiduciary Duty?

 

Read the Ethics Case, Lord Conrad Black’s Fiduciary Duty? on pp. 277–281 of your text and answer the following questions (approximately one paragraph per answer):

  • Should the Board of Directors be held responsible if they approved the non-compete agreements? Include an explanation of the role of the Board and who their primary stakeholder is in your answer.
  • Was it illegal that Black controlled the company through shares holding more voting rights? Was it ethical?
  • How could the conflicts of interest in this case have been prevented?