Based on the definition given earlier in the chapter, does Richard Parsons have a conflict of interest? If so$,$ explain what it is$.$ If not, explain why not.

If Citibank's board permits Parsons to work for Providence Equity Partners, does this mean that he has honored his fiduciary responsibilities to Citibank's shareholders? If you were a stockholder in Citibank, what would you think? Why do you think Citibank permitted Parsons to accept the position with Providence in the first place?

Are disclosure and recusal sufficient to deal with the situation? Are there any other steps that Citibank might take?

Joe Noel clearly had a financial interest in KeyOn's doing well. But did he have a conflict of interest? If so$,$ what exactly was the conflict? If not, was there anything morally objectionable about his conduct?

Should people who discuss or recommend specific stocks online, on television, or in print disclose their own investments in those companies? Is it sufficient for them to do so only $"$if people ask"?