Exam 9: Trustees Non-Fiduciary Duties and Powers

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The 'Londonderry principle' refers to a concept in the context of employment and labor relations, particularly in the United Kingdom. It is named after the Marquess of Londonderry, who was a coal owner and employer in the 19th century. The principle is based on the idea that an employer has the right to manage their business without interference and to hire or fire employees at their discretion.

This principle was famously articulated during the coal strikes in the UK, where Londonderry insisted on the right to manage his coal mines without the interference of unions or the government. He believed that the success of his business depended on his ability to make decisions about employment and management practices without being constrained by external pressures.

The Londonderry principle has been a subject of debate in labor relations, with employers often advocating for the freedom to manage their businesses, while labor unions and workers' rights groups argue for protections against unfair dismissal and for the right to collective bargaining.

It's important to note that the application of the Londonderry principle has evolved over time, especially with the introduction of various labor laws and regulations that provide a framework for employment rights and responsibilities. Modern labor relations in the UK and many other countries now balance the rights of employers to manage their businesses with the rights of employees to fair treatment and representation.