For this assignment you are to go to your textbook:Law, Ethics and Professional Accounting Practice

(Dynamic Business Law, Fifth Edition)-"Questions andProblems" on page 23

Read question 6 :(case: Emerson Electric Co. v. Marsh & McLennan Companies)

and answer the question:Is this considered a breach of fiduciary duty? Why or Why not?

or you can click on the Case Emerson Electric. docx above and answer the question posted at the end of the case.

Assignment Instructions:

Write your answers to the above questions in an essay form, double-spaced in Word file, and upload to Blackboard. Your answer to the question should be between 100-150 words (not counting the question). Make sure you cite the sources consulted to write your essay. Citation of your sources should be done using APA

(I have attached the case as an image)

6. Marsh & Mclennan Companies is the largest pro- vider of insurance brokerage services in the world. It holds itself out to its clients as a fiduciary that will act solely on clients' behalf in purchasing insur- ance policies for them. Starting in 1987, Emerson Electric Company hired Marsh to act as its fiduciary in procuring various insurance policies, such as excess liability, aircraft, and international. Emerson paid Marsh substantial amounts of money to recom- mend insurance policies that met its needs at the lowest possible price. Unknown to Emerson, Marsh embarked on a business plan in the early 1990s in violation of its fiduciary duties to Emerson: Marsh entered into agreements with insurance companies under which the insurers agreed to pay Marsh mon- ies in consideration of Marsh's pledge to direct busi- ness to them. These agreements were referred to by various names such as placement service agreements or market service agreements. These documents were referred to as "kickbacks." At no time did Marsh's disclose the nature or extent of kickbacks that it was receiving. As a result of Marsh's breach of its fiduciary duties, Emerson paid an inflated price for