CHAPTER 7: FIDUCIARY RELATIONSHIP

Employment contract is fiduciary since it holds in trust the agreement between the
employer and the employee. It creates rights and obligations for the both parties who
are often criticized for failure to distinguish between organizational interests and
personal interests in implementing this agreement.

Resolutions to ethical issue are often required before any decisions on this matter are
made. According to John Herman Randall, Jr. and Justus Buchler:

If each were to act according to the criterion of ultimately attaining the pleasures that most
satisfy him, conflict would result which would be detrimental to the general welfare of most
concerned.

If it is true that what turns out to be morally “good” is something that individuals
desire, it is nevertheless not true that whatever they desire is good.

There is a distinction between what people desire and what is desirable