Corporate Governance: Changing Trends in Interpreting Fiduciary Duty
Anurag K. Agarwal
No WP2013-10-05, IIMA Working Papers from Indian Institute of Management Ahmedabad, Research and Publication Department
Abstract:
One of the foremost requirements of corporate governance is transparency in the system, which ensures that individuals making decisions for and on behalf of a company do so in the best interest of the company and clearly avoid conflict of interest. It is the crux of fiduciary duty – the duty of loyalty and care towards the employer – that personal interest is sacrificed as compared to the employer’s interest. Being on the right side of law is the goal but the line between legal and illegal is often hazy and changeable making it difficult for the practitioner to take any action and also for the judge to decide whether the line was breached or not. The paper deals with certain recent cases decided by higher courts in India and abroad on this issue.
Date: 2013-10-31
References: Add references at CitEc
Citations:
Downloads: (external link)
https://www.iima.ac.in/sites/default/files/rnpfiles/12896174642013-10-05.pdf English Version (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:iim:iimawp:12136
Access Statistics for this paper
More papers in IIMA Working Papers from Indian Institute of Management Ahmedabad, Research and Publication Department Contact information at EDIRC.
Bibliographic data for series maintained by ().