Title: Professors as Corporate Fiduciaries: Implications for Law, Organizational Ethics, and Public Policy
Abstract: The Article envisions the possibility of a nonprofit university utilizing corporate and agency law principles in order to invoke a breach of fiduciary duty claim (or counterclaim) against a professor who engages in activities that the university deems disloyal — hence seeking termination and/or equitable relief consisting of compensation forfeiture and the revenue lost by the alleged fiduciary malfeasance — particularly activities that the professor believes would benefit her students but could be construed as detrimental to the university’s financial interests. Such potential allegations of disloyalty could arise out of advising students to take certain courses elsewhere due to cost considerations, encouraging transfer to another university altogether, or facilitating such transfer by serving as reference or through the utilization of the professor’s contacts at other institutions.
Publication Year: 2015
Publication Date: 2015-01-01
Language: en
Type: article
Indexed In: ['crossref']
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