Define Fiduciary duties. Fiduciary duties synonyms, Fiduciary duties pronunciation, Fiduciary duties translation, English dictionary definition of Fiduciary duties. adj. 1. a. Of or relating to a duty of acting in good faith with regard to the interests
nounthe legal duty of a fiduciary to act in the best interests of the beneficiary Related Words legal duty Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc. Want to thank TFD for its existence?Tell a friend about us, add a link to this pag...
He suggested that States could impose a fiduciary duty on directors to act with due care and skill to operate with respect for human rights and to include non-financial reporting in the statutory duties of companies.他提出，国家可以要求管理者履行信托义务，谨慎而专业地行事，在经营过程中尊重人权并...
DUTY OF LOYALTY (No Self-Dealing). Directors must act in the best interests of the association even if at the expense of their own interests. This is more than just embezzlement of funds; it includes steering contracts to family members and other forms of personal benefit at the expense of...
ERISA confirmed the prudent-person rule found in common law, but it also set higher standards of fiduciary duty for individuals who have control over a plan's assets. In spelling out fiduciary duties with regard to employee benefit plans, ERISA covers the duty of loyalty, the duty to use ...
A person who enjoys a relationship of trust or confidence with respect to another such that the law will impose greater than normal responsibilities on the fiduciary for honesty, integrity,candor,and scrupulous good faith even if it means sacrificing the interests of the fiduciary. Typical fiduciarie...
legal relation- a professional relation that is regulated by law (as between a lawyer and a client) bank-depositor relation- the responsibility of a bank to act in the best interests of the depositors confidential adviser-advisee relation- the responsibility of a confidential adviser to act in ...
Advice for directors and officers of distressed corporations: Fiduciary duties that officers have the same fiduciary duties as directors. A defense of the corporate law duty of care Moreover, to the extent fiduciary relationships are contractual, and fiduciary duties are default terms, they provide ...
Fiduciary Duties under Delaware Law Under Delaware law, directors owe a duty of loyalty and a duty of care. The duty of loyalty obli- gates directors to act in good faith, in the best inter- ests of the corporation, and to refrain from self-deal- ing or other acts that would confer ...
These expectations may not be actual fiduciary duties but they can be spelled out in an employee handbook or a contract clause. Case law indicates that breaches of fiduciary duty most often occur when a binding fiduciary relationship is in effect and actions are taken which violate or are counte...