Asked by Chasity Kleinsorge on May 28, 2024
Verified
As managers and other executives owe a fiduciary duty to their employer, they may find themselves somewhat restricted in what they can do even after they leave their employment.
Fiduciary Duty
An obligation wherein an individual must act in the best interest of another person or entity, prioritizing their benefits over their own.
- Acquire knowledge on the obligations of fiduciary roles and constraints on subsequent employment activities for particular employees.
Verified Answer
ZK
Zybrea KnightJun 03, 2024
Final Answer :
True
Explanation :
Managers and executives owe a fiduciary duty to their employer, which includes obligations of loyalty and care. This duty can extend beyond their term of employment, restricting them from certain activities such as disclosing confidential information or competing directly with their former employer for a certain period.
Learning Objectives
- Acquire knowledge on the obligations of fiduciary roles and constraints on subsequent employment activities for particular employees.