 |
Re: NCRA Rail board members defended BY Marin Board of Supervisors
Author: Director
Date: 04-23-2008 - 09:30
Boards--even Boards of quasi-governmental authorities--have certain rules required to function. They are not constituent assemblies, like Boards of Supervisors or legislatures. Directors almost never lobby in public (they can only rarely get away with it) and they have various formal duties that become requirements when they agree to serve. Even if they feel strongly about a course of action, they must act in accordance with the best interests of the organization.
Being against operating a railroad in an organization with a mission of operating a railroad is dicey.
Clearly Supervisor McGlashan is confused.
From Wikipedia [en.wikipedia.org]
"Conflict of duty and interest"
As fiduciaries, the directors may not put themselves in a position where their interests and duties conflict with the duties that they owe to the company. The law takes the view that good faith must not only be done, but must be manifestly seen to be done, and zealously patrols the conduct of directors in this regard....
Being against operating a railroad in an organization with a mission of operating a railroad is dicey.
Clearly Supervisor McGlashan is confused.
From Wikipedia [en.wikipedia.org]
"Conflict of duty and interest"
As fiduciaries, the directors may not put themselves in a position where their interests and duties conflict with the duties that they owe to the company. The law takes the view that good faith must not only be done, but must be manifestly seen to be done, and zealously patrols the conduct of directors in this regard....
