fiduciary obligations

fiduciary obligations

Very high responsibilities of care, concern, representation, and confidentiality owed by one in a special relationship to another. An agent owes fiduciary obligations to the principal,who is also called the client.

Mentioned in ?
References in periodicals archive ?
Given the complexity of ERISA and tax code statutes governing pension plans, CPAs have an opportunity to advise plan sponsors of their fiduciary obligations.
Unlike Stewart, they betrayed their fiduciary obligations to employees, retirees, and shareholders.
While further work is required, a justification might proceed as follows: Fiduciary obligations are recognized and legally enforced by the courts in response to relationships characterized by inequality of power, dependence, and trust.
In addition, she found that Protas had failed to honor his fiduciary obligations as a center- and school-board member when he registered the trademarks in his own name, thereby violating his obligation to look out for the center and school's interests.
Just as important as the compliance activities, public companies have fiduciary obligations to their shareholders to pursue legitimate tax planning to minimize tax liabilities.
She later amended her complaint to allege that Carle had violated its fiduciary obligations by failing to inform her that the compensation of the CarleCare physicians would be increased to the extent that they did not use non-HMO facilities.
THANKS TO INCREASINGLY AGGRESSIVE ENFORCEMENT OF ANTIFRAUD laws and the emergence of joint ventures and networks, which can create conflicts, it has never been more important for company directors and officers to properly exercise their fiduciary obligations.
Since a transaction broker has no fiduciary obligations to a client under the proposed act, will prospective buyers who retain transaction brokers to "represent" them understand the ramifications?
Vigorous competition among hospitals, for example, may undermine their fiduciary obligations to patients.
This new online hub is one more step in ensuring that plan sponsors understand their plan costs and have what they need to fulfill their fiduciary obligations.
District Court for the Central District of California ruled that the firm breached its fiduciary obligations by not switching participants to lower-fee institutional mutual fund shares.
IB 94-1 corrected a misperception that investments in ETIs are incompatible with ERISA's fiduciary obligations.