Fiduciary duty

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.

See also

• Accountability
• Accounting records
• Audit trail
• Board of directors
• Bona fide
• Director
• Fiduciary
• Fiduciary services
• Proxy
• Stewardship
• Trustees
• Variance analysis