Corporate Governance · glossary

Fiduciary

A person who holds power for someone else and must use it for them, not for herself. The chapters say “a person in a position of trust”. A director is one, and section 178 gives a breach of her duties the courts' usual consequences. Charter §5.1 · Chapter 3 · Chapter 4

Explained in Chapter 3, The Seven Duties, of Corporate Governance.

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