fiduciary duties

noun

  • Business (Corporate) Law/Company Law

Definitions of fiduciary duties

  • the legal duties of a professional in a position of trust to act in the best interests of a client, such as the duties to act good faith, to act truthfully, to be loyal, to invest money wisely, not to disclose confidential information etc

    The fiduciary duties of a company director include the duty to act in good faith in the best interests of the company and to avoid conflicts of interest.

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Additional Notes for fiduciary duties