Company Policy 1.0 Legal Duties Of Directors And Officers
Company Policy 1.0 Legal Duties of Directors and Officers PURPOSE a
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.â€] 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.] Fantasy and Science Fiction, Spring 2018 MW Take-Home Midterm Answer 3 of the 4 questions below. For each answer, discuss 2 of the fantasy worlds listed at the bottom of the page. Any relevant film, tv episode, comic, game or webisode set in the fantasy world can be discussed, but don’t use any fantasy world in multiple answers. One of your answers must include your chosen graphic novel. The exam should be typed, double-spaced, in Times New Roman 12-point. The exam is due February 21. Your responses should demonstrate three things: • You have viewed each text you discuss carefully, and can develop specific, detailed examples to anchor your analysis. • You have studied and understood the key critical concepts of the class. For each question, be sure to clearly describe the critic’s most relevant arguments, then apply those concepts to your texts. In the process, avoid direct quotation of authors. Instead, explain the author’s ideas in your own words. • You have critically engaged the ideas of the class, and can develop your own analysis of the strengths and weaknesses of each critic’s approach. Questions Answer 3 of the following 4 questions. Each answer should be at least 2 pages long. 1. Pick stories from 2 of the fantasy worlds below. Compare the model of the Hero’s Journey described by Joseph Campbell to the 2 stories. How closely do they follow the Hero’s Journey? What accounts for the similarities and/or differences? Then, drawing on this comparison, assess the strengths and limitations of Joseph Campbell’s ideas, as well as Christopher Vogler’s and Stuart Voytilla’s popularization of those ideas. 2. Pick 2 of the fantasy worlds below. Discuss how Carl Jung’s ideas about archetypes and the collective unconscious illuminate each world, and/or how the texts appear to challenge or complicate Jung’s concepts. 3. Pick 2 of the fantasy worlds below. Apply Thomas Schatz’s ideas about genre to the two worlds. 4. Pick stories from 2 of the fantasy worlds below. Compare the “Little Red Riding Hood” narratives described by Maria Tatar in The Classic Fairy Tales to the 2 stories. Drawing on Tatar’s ideas, discuss the ideas and assumptions about gender embedded in each story. Fantasy Worlds Note: each of these worlds can be used to answer only one of the midterm questions. For film, TV, and comic book series, you may discuss the specific film/episode/issues assigned for class, or any other films, episodes, or issues in the series. You are required to discuss one graphic novel of your choice. Star Wars Game of Thrones The Lord of the Rings Buffy the Vampire Slayer The Wizard of Oz Adventure Time Pan’s Labyrinth One graphic novel of your choice (required) Spirited Away One additional film, TV show, novel, graphic novel, or game of your choice
Paper For Above instruction
The purpose of this paper is to explore the legal duties of directors and officers within a corporate setting, emphasizing the importance of compliance with established policies to ensure accountability and mitigate legal risks. The scope of this policy pertains to all individuals in leadership roles within the company, including directors and corporate officers, whose decisions directly influence the organization’s governance and legal standing. Central to this discussion is an analysis of the fundamental legal duties such as care, loyalty, and obedience, alongside the business judgment rule that provides a safeguard for directors acting in good faith and within their jurisdiction.
Understanding these legal duties is essential because they underpin the fiduciary responsibilities that directors and officers owe to shareholders and other stakeholders. These responsibilities include making informed decisions, avoiding conflicts of interest, and adhering to applicable laws and regulations. The policy emphasizes that compliance with these duties benefits the company by fostering trust, enhancing reputation, and reducing the likelihood of litigation. For instance, when directors exercise due diligence and act ethically, it minimizes the chances of legal sanctions and damages that could harm the corporation’s financial health and public image.
Conversely, noncompliance carries severe consequences, both legal and reputational. Directors or officers found in breach of their duties may face personal liability, including civil lawsuits for breach of fiduciary duty or criminal charges in severe cases. Corporations may incur statutory damages, fines, or sanctions. A real-world example illustrating liability involves corporate scandals where executives ignored regulatory requirements, leading to fines or criminal prosecutions. An example is the Enron scandal, where executives’ unethical behaviors, such as misleading financial statements, resulted in criminal charges and the company’s collapse. Such violations often stem from ethical lapses, emphasizing the need for robust policies and ethical standards to guide leadership behavior.
Furthermore, the discussion links these legal principles to ethical behavior, showcasing how compliance not only fulfills legal obligations but also promotes a culture of integrity within the organization. The policy thus serves as a crucial framework to safeguard corporate governance and ensure that directors and officers uphold their legal responsibilities, mitigating risks of liability and fostering sustainable corporate success.
References
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- Zingales, L. (2018). A Capitalism for the People: Recapturing the Lost Art of Democracy. Basic Books.
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