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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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Kravitz's position presents independent auditors as fiduciaries to certain parties and asserts that fiduciary obligations should be extended to other third-party "stakeholders of the modern corporation," including "employees; customers; suppliers; vendors; communities where employees live; local governments that provide health, education, and safety resources and depend upon employees' taxes; as well as shareholders and bondholders." He includes financial managers and outside advisors as others who are and should be fiduciaries.
Part III-A is dedicated to exploring the broad, foundational issue of why fiduciary obligations exist.
"We urge you to adhere to those fiduciary obligations in the face of whatever political pressure may be brought to bear by those who lack appreciation for those duties," wrote John DiLorenzo and Gregory Chaimov of the high-powered Portland law firm Davis Wright Tremaine.
The division stated that robos "cannot fully satisfy their fiduciary obligations if they fail to perform the initial and ongoing due diligence necessary to act in the best interests of their clients." The division was concerned that this failure "may render them unable to provide adequately personalized investment advice and make appropriate investment decisions."
Board members have individual fiduciary obligations for the organizations they serve and are the primary stakeholders of the organization's compliance risk management efforts.
Leib, Ponet, and Serota identify an important development of the fiduciary conceptualization of constitutional law--exemplified in congressional legislation, the jurisprudence of American courts, and scholarly writings--that American courts can invalidate some laws and government actions that violate public trust in order to reinforce fiduciary obligations of political actors.
This text outlines issues in the ethics and law of professional legal responsibility involving the client, the court, third parties, the legal system, and the guild, in various practice environments, including sources of law, the consequences of violating disciplinary rules, decision making, fees and fiduciary obligations, and the duties of competence, protecting information, and loyalty.
The court was also asked to rule on the liability of Cojuangco and Enrile, who are both UCPB directors at the time, for allegedly violating their fiduciary obligations to the bank.
Resignation of the managers will not end their fiduciary obligations.
Finn first introduced the concept in his seminal treatise Fiduciary Obligations, where he noted the close resemblance between fiduciaries and public officers.
The specified criteria, according to Papa, had been designed "to measure the power coop's financial, institutional and technical performance." At the same time, they assess how the ECs "promote accountability and responsibility in their compliances and fiduciary obligations."
In accordance with the terms of the Merger Agreement and its fiduciary obligations under the laws of the Cayman Islands, and in consultation with its financial and legal advisors, Netshoes' board of directors will carefully review Centauro's revised proposal to determine the course of action that it believes is in the best interest of the Netshoes' shareholders.