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What does it mean that a management has Fiduciary Duty with respect to shareholders?
Wiki User
∙ 16y ago
It is not management that has this responsibilty per se, but the owner of an incorporated busines selling stocks. Such businesses MUST make money for their shareholders as part of their fiduciary duty/responsibility.
Wiki User
∙ 16y ago
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What is a fiduciary agent and why would I have one?
" A fiduciary is someone who has undertaken to act for and on behalf of another in a particular matter in circumstances which give rise to a relationship of trust and confidence.[1] " A fiduciary duty is the highest standard of care at either equity or law. A fiduciary is expected to be extremely loyal to the person to whom they owe the duty (the "principal"): they must not put their personal interests before the duty, and must not profit from their position as a fiduciary, unless the principal consents. The fiduciary relationship is highlighted by good faith, loyalty and trust, and the word itself originally comes from the Latin fides, meaning faith, and fiducia. When a fiduciary duty is imposed, equity requires a stricter standard of behavior than the comparable tortious duty of care at common law. It is said the fiduciary has a duty not to be in a situation where personal interests and fiduciary duty conflict, a duty not to be in a situation where their fiduciary duty conflicts with another fiduciary duty, and a duty not to profit from their fiduciary position without express knowledge and consent. A fiduciary cannot have a conflict of interest. It has been said that fiduciaries must conduct themselves "at a level higher than that trodden by the crowd"[2] and that "[t]he distinguishing or overriding duty of a fiduciary is the obligation of undivided loyalty."[3]
Who has the fiduciary duty?
waka flaka
What are the release dates for Fiduciary Duty - 2010?
Fiduciary Duty - 2010 was released on: USA: 29 October 2010 (Manteca, California)
Where can one find Breach of Fiduciary Duty online?
Hamilton firm provides information online about Breach of Fiduciary Duty. There is also information regarding Fiduciary on Wikipedia. The probate will also be useful.
Does a city council have a fiduciary duty to the citizens of the community?
Yes, a city council does have a fiduciary duty to the citizens of the community when it comes to purchasing real property.
Pennsylvania statute of limitations forBreach of fiduciary duty?
There are various kinds of contracts, but in Pennsylvania most contracts have a four year statute of limitations. In addition, aÊfour year statute of limitation also pertains to the sale of goods.
Can an executor knowingly leave a recipient out of the will?
Not without breaching his fiduciary duty to the estate.
What is the agency relationship between directors of public ltd company and the shareholders?
The agency relationship between directors of a public limited company and the shareholders is that the directors act as agents of the shareholders. The directors are entrusted with managing and making decisions on behalf of the company, with the aim of maximizing shareholder value. They have a fiduciary duty to act in the best interests of the shareholders and are accountable to them for their actions and decisions.
Is a fiduciary account and an estate account the same?
A fiduciary is one who owes a duty of good faith, trust, confidence and a high standard of care in managing the property and money of another. An executor or administrator of an estate is a fiduciary. Therefore an estate account is also called a fiduciary account. The short answer to your question is yes.
What are duties of trustee?
The duties of a trustee typically include managing trust assets, making decisions in the best interest of the beneficiaries, keeping accurate records, and distributing assets as outlined in the trust agreement. Trustees have a fiduciary duty to act prudently and ethically in carrying out their responsibilities.
What has the author Diana Jane Young written?
Diana Jane Young has written: 'Care, autonomy, and the fiduciary duty'
Can you be prosecuted for spending money from a trust fund?
Yes, you could be prosecuted. It is a crime to breach the fiduciary duty of a trustee.
