Compare the fiduciary responsibility of duty of care with that of duty of loyalty.  Identify the purpose of each and explain the specific type of unethical conduct they are meant to prevent. What your opinion on whether the Business Judgment Rule can be used as a defense to allegations of the breach of the duty of care and the responsibility of loyalty?

Answer rating: 100% (QA)

Duty of Care Purpose Duty of care is a fiduciary responsibility that requires individuals in positions of authority such as corporate directors or off... View the full answer