fiduciary duty
Definition
Employees' or directors' legal and moral duty to exercise the powers of their office for the benefit of the employer or the firm. Directors owe the duty of utmost good faith and must not put themselves in a position where their personal interests and their fiduciary duties may conflict. Also called fiduciary obligation.
fiduciary duty is in the Corporate, Commercial, & General Law subject.
fiduciary duty appears in the definitions of the following terms: corporate opportunity doctrine, breach of trust, independent contractor, business judgment rule, derivative action and fiduciary obligation
This content can be found on the following page:
http://www.businessdictionary.com/definition/fiduciary-duty.html
email to a friend print this definition cite this definition