Fiduciary duty: Difference between revisions

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imported>Doug Williamson
(Reworded so that the fiduciary duty is defined first and then the fiduciary's role.)
imported>Doug Williamson
(Add link.)
 
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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.




== See also ==
== See also ==
* [[Accountability]]
* [[Accounting records]]
* [[Audit trail]]
* [[Board of directors]]
* [[Board of directors]]
* [[Bona fide]]
* [[Bona fide]]
* [[Director]]
* [[Fiduciary ]]
* [[Fiduciary services]]
* [[Proxy]]
* [[Stewardship]]
* [[Stewardship]]
* [[Trustees]]
* [[Trustees]]
* [[Variance analysis]]


[[Category:Compliance_and_audit]]
[[Category:Compliance_and_audit]]

Latest revision as of 21:08, 11 September 2022

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