Fiduciary duty

The director of a company has a fiduciary duty (i.e. a duty of trust) to act in the interest of all shareholders. In the past, many people hold positions of trust and act with integrity.  This position of trust also extend to profesionals, such as doctors and lawyers.

In recent years, due to greed and the wish to be super rich, some people (maybe many people) are behaving less honorably.  They have less compunction about over-charging on their fees or take take advantage of other people's ignorance to make profit at their expense. In the past, these people would be considered as crooks. Today, these behaviors are considered as acceptable in the free market.

Tan Kin Lian