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Message: Times Awastin’

Say Brett- just wondering- are you familiar with the term- and, more importantly, the concept of ...

Fiduciary Duty?

 

So Brett- just in case the answer is- "no"- Here is a workable definition- found in the venerable "Investopedia"- along with some examples of to whom it should apply.

 

"A fiduciary is a person or organization that acts on behalf of another person or persons, putting their clients' ( or shareholders' {mine}) interest ahead of their own, with a duty to preserve good faith and trust. Being a fiduciary thus requires being bound both legally and ethically to act in the other's best interest."

"Money managers, financial advisors, bankers, insurance agents, accountant, executors, board members, and corporate officers all have fiduciary resposibility."

"Fiduciary duties appear in a wide variety of common business relationships, including:

. Corporate Board members . . .

. Corporate Officers  . . ."  

 

 

 

 

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