Mitch Is a Director and Officer of Numero Uno, Inc

question 69

Essay

Mitch is a director and officer of Numero Uno, Inc. Mitch makes a marketing decision that results in a dramatic decrease in profits for Numero Uno and its shareholders. The shareholders accuse Mitch of breaching his fiduciary duty to the corporation. What is Mitch's best defense against this accusation? Later, the Numero Uno board considers a resolution for the firm to compete with One-of-a-Kind Corporation. Mitch is a director and shareholder of One-of-a-Kind. What is Mitch's responsibility in this situation?​

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Definitions:

Functional Conflict

Constructive conflict.

Dysfunctional Conflict

Destructive conflict.

Assertive Behavior

A communication style in which individuals express their feelings, needs, and rights directly, openly, and honestly, while respecting others.

Cooperative Behavior

Actions that are undertaken together with others that are aimed at achieving a common goal, often characterized by mutual help and benefit.