Santa Clara University

Markkual Center for Applied Ethics

Business Ethics, Fiduciary Responsibilities, and the Law


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A conversation with J. Travis Laster, vice chancellor of the Delaware Court of Chancery, about the fiduciary duties of corporations. Interviewed by Ethics Center Executive Director Kirk O. Hanson, Laster discusses the role of incorporation in regulating business, whether fiduciary responsibilities extend beyond the shareholders, and how the law can chart a middle course between managers and shareholders.