Examlex
Strategic business units (SBUs) with a high share of high-growth markets that may not generate enough cash to support their own demanding needs for future growth are referred to as
Respondeat Superior
Latin for “let the superior speak”; the principle by which liability for harm caused by an agent/ employee is held by the principal/employer.
Corporate Liability
The legal responsibility that a corporation can face for the actions or inactions of its directors, officers, or employees.
Agents
Individuals authorized to act on behalf of another person or entity, often in a business capacity.
Fiduciary Duty of Care
A legal obligation of one party to act in the best interest of another. When related to fiduciary duty, it specifically refers to the care that should be taken by the fiduciary.
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