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Juanita earned a B.S.in engineering and went to work for a defense contractor.When the government cut spending,Juanita and 99 others were laid off.The only other business in the town is growing grapes,but the growers refuse to hire laid-off engineers,knowing they will leave at the first opportunity.The unemployment Juanita is experiencing is
Duty Of Loyalty
A legal obligation requiring individuals to act in the best interests of another party or entity, typically referring to corporate officers and directors.
Fiduciary
As a noun, a person having a duty created by his or her undertaking to act primarily for another’s benefit in matters connected with the undertaking. As an adjective, a relationship founded on trust and confidence.
Corporate Office
The main or headquarters location of a company where key managerial and executive activities are conducted.
Shareholders Consent
The approval or agreement of shareholders, often required for significant corporate actions.
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