Corporate fiduciary duties demand that the "fiduciary," (who is given legal control over funds), establishes a "standard of care" that rejects normal self interest for the benefit of the corporation's finances. The fiduciary must not take advantage of or betray the confidence of the entrusting parties.
Not without breaching their fiduciary duties. It would be irresponsible of the executor to do so. It could land them in trouble.
The new plan trustees of a retirement fund have the responsibility to manage the assets wisely, make informed investment decisions, and ensure the financial security of the beneficiaries by following fiduciary duties and acting in the best interest of the fund's participants.
In the real world of large corporate America a marketing person or public relations person would be responsible. In a smaller corporation, the boss will walk into someone's office and tell someone to do it.
. State your understanding of your main duties and responsibilities. . State your understanding of your main duties and responsibilities.
duties and responsibilities o office staff.
The law
Typically, a fiduciary prudently takes care of money for another person. So a "fiduciary receipt" is a document that a person acting in capacity of a fiduciary for another person would get in order to allow an audit of the discharge of their duties - part of a fiduciary account.
They are in breach of their fiduciary duties. They can be sanctioned by the court or forfeit their bond.
That would be a breach of their fiduciary duties.
The fiduciary duties created by a contract of agency are principles of loyalty, obedience, disclosure, confidentiality, and care. These duties require the agent to act in the best interests of the principal, follow their instructions, provide all relevant information, keep the principal's information confidential, and act with reasonable care and diligence. Violating these duties can result in legal consequences for the agent.
Directors owe fiduciary duties to shareholders, including the duty of loyalty and the duty of care. The duty of loyalty requires directors to act in the best interests of the shareholders and the company, while the duty of care requires directors to make informed and prudent decisions.
When an agent is hired to represent his/her client an agency relationship is formed whereby the agent owes the client fiduciary duties, that include, loyalty, obedience and confidentiality.
The trustee has a fiduciary duty to the beneficiary of a trust. The trustee is the legal owner of the property of a trust. The beneficiary has no legal title to the property in the trust but may get use of the property without ownership. A beneficiary can show a breach of a fiduciary duty if the benefit, profit, or gain was acquiredWhile there was a conflict of interest: this most often occurs when the fiduciary does not serve the beneficiary's best interests.By taking advantage of the fiduciary position: this occurs when a fiduciary profits from his position, which is prohibited in the relationship
It could be a breach of fiduciary duties. They may be charged with embezzlement and theft.
Not without breaching their fiduciary duties. It would be irresponsible of the executor to do so. It could land them in trouble.
In a fiduciary relationship in real estate transactions, there are legal obligations and responsibilities that require the fiduciary (such as a real estate agent) to act in the best interests of their client. This includes providing honest and accurate information, avoiding conflicts of interest, and maintaining confidentiality. Failure to fulfill these duties can result in legal consequences for the fiduciary.
Body corporate, according to BusinessDictionary.com, is a legal entity identified by a name. The law grants these entities rights and duties which are different from the rights and duties members of the body corporate enjoy as individual persons. The association may also have rights and duties to its membership. So, you could say that all homeowner associations are bodies corporate, but not all bodies corporate are homeowner associations