What are their obligations

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Reference no: EM132136236

For the directors of a corporation, what are their obligations? To whom are they loyal? Is a director an agent of any entity?

Are directors fairly compensated based on the average data provided above? For their six workday meetings a year on average, is $36,000 a year (based on $2,250 per meeting per day and $1,000 per teleconference meeting) fair? Why or why not? Note that the real median person income in the United States in 2016 was $31,099 annually. (Federal Reserve Bank of St. Louis, 2017) Should board of directors earn more in six days of work than the average American does for an entire year?

Reference no: EM132136236

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