Duties of Corporate Directors and Officers

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Title

ABC/123 Version X

Fitzgerald Foods Policy Document

ETH/321 Version 7

University of Phoenix Material

Company Policy 1.0

Legal Duties of Directors and Officers

PURPOSE

a. [List the purpose of the policy here. Read the assignment scenario for clues.]

SCOPE

[List who the policy applies to here. Read the assignment scenario for clues.]

LEGAL DUTIES OF DIRECTORS AND OFFICERS

1. [List the legal duties of directors and officers here, including the “business judgment rule.”]

BENEFITS OF COMPLIANCE

1. [List the benefits achieved by the company from compliance here.]

CONSEQUENCES OF NONCOMPLIANCE

1. [List the legal consequences for the company and the legal/employment consequences for a director/officer for violating the policy here. Include a real world example of a director/officer’s liability for noncompliance as required by the assignment and how a director/officer’s unethical behavior can lead to liability.]