FIDUCIARY DUTY in VIRGINIA — spelled out
The basic conclusion of the post was simply this: employees should be careful because some seemingly harmless activities, could get them in court before a judge, being accused of breaching fiduciary duty of loyalty.
I have decided that the post, while helpful, was not clear enough.
In attempt to clarify, I have created a list of stuff, things, actions that employees do that could get them in trouble and be used as evidence in a breach of fiduciary duty case:
- starting a side business
- sending business from your employer, somewhere else
- contacting clients, customers, etc. and saying negative things about the company
- taking information, documents, etc. from the company
- using their work computer for personal searches – like the guy who did the following search this week from his company computer: “are my actions in breach of a fiduciary duty?”
- advertising or promoting a competing business
- trying to take employees with you somewhere else while still employed
Be careful out there. You could get sued and I would hate for the boss man to have a bunch of dirt that points to you as the bad guy, and the company as the good guy.