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Ethics Case 1: Lord Conrad Black’s Fiduciary Duty?
Read the Ethics Case, Lord Conrad Black’s Fiduciary Duty? on pp. 277–281 of your text and answer the following questions (approximately one paragraph per answer):
- Should the Board of Directors be held responsible if they approved the non-compete agreements? Include an explanation of the role of the Board and who their primary stakeholder is in your answer.
- Was it illegal that Black controlled the company through shares holding more voting rights? Was it ethical?
- How could the conflicts of interest in this case have been prevented?