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Published by: Harvard Business Publishing
Published in: 1999

Abstract

Argues that professionals pledge fiduciary responsibility towards their clients to minimize the occurrence of conflicts of interest, which are socially inefficient. Professional associations are formed to ensure that in their practices, professionals live by their professional pledges.; Can be used to discuss professional responsibility and the role of professional associations.

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Abstract

Argues that professionals pledge fiduciary responsibility towards their clients to minimize the occurrence of conflicts of interest, which are socially inefficient. Professional associations are formed to ensure that in their practices, professionals live by their professional pledges.; Can be used to discuss professional responsibility and the role of professional associations.

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