For Whom are Corporate Managers Trustees?
Abstract
AN individual who carries on business for himself necessarily enters into business relations with a large number of persons who become either his customers or his creditors. Under a legal system based on private ownership and freedom of contract, he has no duty to conduct his business to any extent for the benefit of such persons; he conducts it solely for his own private gain and owes to those with whom he deals only the duty of carrying out such bargains as he may make with them.
Fields of Study & Subjects
Legal principles and applications
Corporate Insolvency and Governance
Corporate Law and Human Rights
Publication details
- Journal / source
- Corporate Governance
- Pages
- 29–47
- Publication date
- 6 January 2026
- Language
- EN
- Document type
- Book chapter