The duty of loyalty supports both Friedman's position and the strategic use of corporate social responsibility (CSR).

Question

Quizplus · Accepted Answer

The duty of loyalty requires that corporate managers prioritize the interests of their company and shareholders. This supports Friedman's position that corporations should primarily focus on maximizing profits. However, implementing CSR as a strategic tool can also support this duty by enhancing the reputation and long-term success of the company, ultimately benefiting shareholders.

The Duty of Loyalty Supports Both Friedman's Position and the Strategic