EMPLOYEE OBLIGATIONS Be familiar with the general features of the agency relationship, the ethical obligations of agents to principals, and the relationship between the law of agency and ethics. You should be able to recognize violations of the agency relationship, including competing against the principal, misappropriation of property (including intellectual property), conflict of interest, bribes, abuse of power, and insider trading. In addition to being able to recognize such violations of the agency relationship, you should also understand why they violate that relationship. For insider trading, be