Tim our dead ceo!
1. No NR no correspondance to shareholders regarding his imminent death BEFORE the share price plummeted to no return. Shareholders unable to make a financial decision, not knowing our CEO is going to die SOOOOON!!!
SWIS offer, Tim failed to execute his fiduciary duty to shareholders to respond to SWIS OFFER!!
Business ethics reflects the philosophy of business, of which one aim is to determine the fundamental purposes of a company. If a company's purpose is to maximize shareholder returns, then sacrificing profits for other concerns is a violation of its fiduciary responsibility. Corporate entities are legally considered as persons in the United States and in most nations. The 'corporate persons' are legally entitled to the rights and liabilities due to citizens as persons.
Ethics are the rules or standards that govern our decisions on a daily basis. Many consider “ethics” with conscience or a simplistic sense of “right” and “wrong.” Others would say that ethics is an internal code that governs an individual's conduct, ingrained into each person by family, faith, tradition, community, laws, and personal mores. Corporations and professional organizations, particularly licensing boards, generally will have a written “Code of Ethics” that governs standards of professional conduct expected of all in the field. It is important to note that “law” and “ethics” are not synonymous, nor are the “legal” and “ethical” courses of action in a given situation necessarily the same. Statutes and regulations passed by legislative bodies and administrative boards set forth the “law.” Slavery once was legal in the US, but one certainly wouldn't say enslaving another was an “ethical” act.