Tuesday, September 24, 2013

Not Fade Away: We Must Revive Fiduciary Duty

A few years ago we recorded this post about fiduciary duty.  I still had the misguided hope that President Obama would address corporate capture, conflict of interest and fiduciary duty.  While it's clear that these issues are not on his agenda, they are still very much essential for corporate governance and shareholder activists.  Shareholders -- big and small - must define what they want from their corporations and push for it.  I've just posted about this today over at CSRwire:

Remember when you’d put Silly Putty on the Sunday color comics and the image would be transferred to the Silly Putty? Then you’d stretch it and re-stretch it to distort the image until finally it was no longer recognizable. That is where we are with fiduciary duty. - See more at: http://www.csrwire.com/blog/posts/1030-the-failure-of-fiduciary-duty-a-ready-to-use-corporate-umbrella#sthash.uA8oe0nW.dpuf
Remember when you’d put Silly Putty on the Sunday color comics and the image would be transferred to the Silly Putty? Then you’d stretch it and re-stretch it to distort the image until finally it was no longer recognizable. That is where we are with fiduciary duty. - See more at: http://www.csrwire.com/blog/posts/1030-the-failure-of-fiduciary-duty-a-ready-to-use-corporate-umbrella#sthash.uA8oe0nW.dpufRemember when you’d put Silly Putty on the Sunday color comics and the image would be transferred to the Silly Putty? Then you’d stretch it and re-stretch it to distort the image until finally it was no longer recognizable. That is where we are with fiduciary duty.

Remember when you’d put Silly Putty on the Sunday color comics and the image would be transferred to the Silly Putty? Then you’d stretch it and re-stretch it to distort the image until finally it was no longer recognizable. That is where we are with fiduciary duty.

More to come on this issue in the coming weeks.  Stay tuned...

September 24, 2013 in fiduciary duty , Government Capture , Capture  |  0 comments  | 

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