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Fitzgerald Foods Case

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1. PURPOSE
a. The purpose of this policy is to ensure our corporations at Fitzgerald foods, follows our legal duties as a corporation. Preventing our employees from conducting unlawful actions, breaching actions and any other acts of breaking legal acts inside our corporation. In recent events we have had legal issues with previous directors and officers, the intent of the policy is to raise awareness houtou our staff and prevent future cases from occurring with our directors and officers.

2. SCOPE
a. This policy is affecting the current staff at Fitzgerald Foods Corporation, as well as the future staff employed at Fitzgerald Foods, staff includes directors and officers. These Directors and officers of Fitzgerald Foods corporation, employees …show more content…
Duty of Obedience: Directors and officers of Fitzgerald Corporation must act inside the control given upon them under the state’s corporation code, the articles of incorporation, corporate local law, in addition to resolutions received by the Fitzgerald Corporation board of director. (Cheeseman, 2016, Chapter 28).
c. Duty of Care: Directors and officers when acting on behalf of Fitzgerald Foods must use care and diligence on behalf of the Fitzgerald’s corporation, otherwise will be personally liable if any damages caused by negligence and cause a breach. (Cheeseman, 2016, Chapter 28).
d. The Business Judgement Rule: Directors and officers of Fitzgerald Foods Corporation, under the business judgement rule are resistant from obligation to the corporation for misfortunes caused in corporate exchanges inside their power, if the transactions are following common decency and with sensible ability and reasonability ("Legal Dictionary ", n.d.).
e. Duty of Loyalty: An obligation that employees of Fitzgerald foods such as directors and officers have not to act unfavorably to the interests of the company (Fitzgerald Foods), not to act in self-serving interests, directors and officers to lower their own advantages to those of the organization and its investors. (Cheeseman, 2016, Chapter …show more content…
Directors and Officers that are complying with all rules, regulations and laws relating to activity within Fitzgerald Foods will reduce potential costs associated with breaches and avoid risks of a breach. In result aiding to the general welfare of the company.
c. Directors and Officers that are complying with all rules, regulation and laws relating to activity within Fitzgerald foods will create a better workplace culture, and showing that all positions are required to act ethically. Creating a mutual respect workplace.
d. Directors and Officers that are complying with all rules, regulations and laws relating to activity within Fitzgerald foods are creating a better environment for our customers, additionally showing them, we have standards and operate an ethical business.
5. CONSEQUENCES OF NONCOMPLIANCE
a. Directors and officers of Fitzgerald foods whom do not comply with the rules, regulations and laws relating to activity within Fitzgerald foods will be personally liable to its shareholders, and deemed acting of negligence. These Directors and officers will be required to return cost of

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