Billion and Stewardship: Difference between pages

Revision as of 08:41, 9 May 2022

1. Company law - directors.

The fundamental fiduciary duty of company directors, to safeguard and administer the property belonging to a company, on behalf of its shareholders.

2. Trustees - other contexts.

Similar duties of trustees and other fiduciaries, in relation to those on whose behalf they are acting.

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+.  ''Company law - directors.''
-One thousand million (1,000,000,000 or 10<sup>9</sup>).
+The fundamental fiduciary duty of company directors, to safeguard and administer the property belonging to a company, on behalf of its shareholders.
-For example
-EUR 456 billion = EUR 456,000,000,000.
+.  ''Trustees - other contexts.''
-Often abbreviated to 'bn' or 'Bn'.  For example EUR 456bn.
+Similar duties of trustees and other fiduciaries, in relation to those on whose behalf they are acting.
-.
+== See also ==
+* [[Accountability]]
-Historically in the UK and some other countries, 'billion' used to refer mathematically to 1,000,000,000,000 (or 10<sup>12</sup>).
+* [[Accounting records]]
+* [[Audit trail]]
-This historical usage never became well-established in finance, and is now - for practical purposes - defunct.
+* [[Director]]
+* [[Fiduciary duty]]
+* [[Prosperity through Stewardship]]
+* [[Shareholder]]
+* [[Variance analysis]]
+* [[Trustees]]
+* [[UK Stewardship Code]]
-== See also ==
+[[Category:Compliance_and_audit]]
-* [[Trillion]]