Prohibits making a decision that benefits the decision-maker at the expense of the corporation.
what is the lords main duty to the pledged loyalty to him
false. No one has a duty of loyalty to anyone.
Yes
Suriname's motto is 'Justice - Duty - Loyalty'.
Directors owe fiduciary duties to shareholders, including the duty of loyalty and the duty of care. The duty of loyalty requires directors to act in the best interests of the shareholders and the company, while the duty of care requires directors to make informed and prudent decisions.
Loyalty and duty.
The duty of loyalty and care refers to the legal and ethical obligations that directors and officers of a corporation owe to the organization and its stakeholders. The duty of loyalty requires them to act in the best interests of the corporation, avoiding conflicts of interest and self-dealing. The duty of care mandates that they make informed and prudent decisions, exercising reasonable judgment and diligence in their responsibilities. Together, these duties ensure that leaders prioritize the corporation's welfare and act responsibly in their governance roles.
Duty refers to a moral or legal obligation to fulfill a responsibility or task, often stemming from a role or position one holds. Loyalty, on the other hand, involves a strong sense of allegiance, faithfulness, and support towards a person, group, or cause, typically based on feelings of devotion and reliability. Duty is more about acting in accordance with obligations, while loyalty is about demonstrating allegiance and commitment.
True
Nationalism
Prohibits making a decision that benefits the decision-maker at the expense of the corporation.
Nationalism