fiduciary duty

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Related to fiduciary duty: Fiduciary Responsibility
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Noun1.fiduciary duty - the legal duty of a fiduciary to act in the best interests of the beneficiary
legal duty - acts which the law requires be done or forborne
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Breach of fiduciary duty sometimes involves harmful interference by the fiduciary with the beneficiary's personal or proprietary interests.
In general, the longer the relationship continues, and the more the customer blindly follows the broker's advice without question or deviation, the more likely it is that a fiduciary duty may be found to exist.
The current investigation is focused upon whether the Company's Board of Directors breached its fiduciary duty to maximize value to the Company's shareholders and to act in shareholders' best interests, including whether the Board of Directors undertook an adequate sales process and disclosed all material information to the Company's shareholders.
The "critical resource" requirement arises from a need for a workable substitute for the concept of "property" in the analysis of fiduciary duty.
Requests for updates on the law of mortgage broker fiduciary duty have been so frequent, and changes in the law so rapid, that Mortgage Banking and that article's authors felt a sequel was needed.
Thus, 'the mere fact that a business is run as a corporation rather than a partnership does not shield the business venturers from a fiduciary duty similar to that of true partners.
Fiduciary duty is a duty to be trustworthy with other people's money.
T argues that the statute sets forth a "but for" causal test: if the cost would not have been incurred without the trustee, then it is attributable to the trustee's performance of its fiduciary duty and is thus fully deductible under Sec.
In so doing, the adviser has violated its fiduciary duty by failing to disclose adequately the facts surrounding this conflict of interest.
Defenses to Liability for Breach of Fiduciary Duty.
If you are employed by any company, you have a fiduciary duty to that company.