Examlex
In 1971,Phillip Zimbardo and colleagues conducted an experiment to learn about the power of roles.The subjects were randomly assigned to a "prisoner" group or a "guard" group.The guards were to do whatever they deemed necessary to maintain control.Less than two days into the experiment,one prisoner had a "nervous breakdown." Because the experimenters believed that the prisoner was trying to trick them into releasing him,they chided him for being weak and made him stay.If this experiment were done today,it would be in violation of the APA's ethical standards for informed consent,because
Shareholders' Meeting
A gathering of the shareholders of a company where decisions regarding the company's policies, management, and financial matters are discussed and voted upon.
Duty of Loyalty
An obligation of individuals in fiduciary positions to act in the best interests of their company or clients.
Ethically Allowed
Actions or decisions that are permitted based on moral or ethical principles.
Unocal Rule
A legal standard from a Delaware Supreme Court case that gives boards of directors a framework for resisting takeover bids.
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