fiduciary

Examples of fiduciary in the following topics:

• Managers Role in Ethical Conduct

  • Fiduciary duty is an example that applies to some managerial roles.
  • A fiduciary must put the interests of those to whom he is accountable ahead of any interests, and must not profit from his position as a fiduciary unless the principal consents.

• Types of Organizations

  • Typically, shareholders do not actively manage a corporation; instead, they elect or appoint a board of directors to control the corporation in a fiduciary capacity.