Mitch Is a Director and Officer of Numero Uno,Inc

question 18

Essay

Mitch is a director and officer of Numero Uno,Inc.Mitch makes a market?ing decision that results in a dramatic decrease in profits for Numero Uno and its shareholders.The shareholders accuse Mitch of breaching his fiduci?ary duty to the corporation.What is Mitch's best defense against this ac?cu?sation? Later,a resolution comes before the Numero Uno board 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:

Ethical

Pertaining to or dealing with morals; conforming to accepted standards of conduct.

Persuasive Techniques

Strategies used in communication and rhetoric to influence or convince others to understand, agree with, or act upon a viewpoint.

Stakeholders

Individuals or groups that have an interest, investment, or stake in the success or outcome of a project, business, or initiative.

Recommendation

Advice or suggestions given with the aim of guiding decisions or actions, often based on knowledge, experience, or expertise.