Question

Assume that you are a member of the hershey trust board. to whom (or what) do you owe your fiduciary responsibility? how does the legacy of milton s. hershey affect your thinking as a member of the board?

Answer 1

If I was a member of the Hershey Trust board I would owe my fiduciary responsibility to the community. I would act on the premise that benefits the public because that is what would honor Milton Hersheys legacy the best.

Answer 2

The member of the trust board would owe his/her fiduciary responsibility to the community of Hershey.

Milton S. Hershey was the creator of the company, hence the very reason you would be in this position right now. As such, the legacy of Mr. Hershey would affect your thinking such that you act in the best interests of the company to allow it to grow further and larger, as this is what its founder would have wanted.