September – December 2023 MGMTunit 2 DB
Business & Finance
Primary Response: Within the Discussion Board area, write 200–250 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.For this Discussion Board, please complete the following:This week you will learn about fiduciary duty. Fiduciary duty is the legal obligation of one person or party to act in the best interest of another person or party. A common example of fiduciary duty is when top management of an organization is acting in the best interest of the shareholders who own the organization.Charles is the CEO of a car company. Charles knows that the car has a defect and should be recalled. If Charles recalls the car the company will go bankrupt. Does Charles have a fiduciary duty to tell the car company’s shareholders? Why or why not?