Fiduciary duty: Difference between revisions
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A fiduciary is a person who occupies a position of trust in relation to someone else and is required to act for the latter's benefit within the scope of that relationship. | A fiduciary is a person who occupies a position of trust in relation to someone else and is required to act for the latter's benefit within the scope of that relationship. | ||
Examples include trustees and company directors. | |||
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* [[Board of directors]] | * [[Board of directors]] | ||
* [[Bona fide]] | * [[Bona fide]] | ||
* [[Director]] | |||
* [[Fiduciary services]] | * [[Fiduciary services]] | ||
* [[Proxy]] | * [[Proxy]] | ||
Revision as of 03:57, 23 May 2021
Law.
A fiduciary duty is a legal duty to act solely in another party's interests.
A fiduciary is a person who occupies a position of trust in relation to someone else and is required to act for the latter's benefit within the scope of that relationship.
Examples include trustees and company directors.
