Filed Under: Corporate and Commercial Law
1 definition found for this term.
Definitions are presented in the order source books were published (most recent first).
In relation to a corporation, the duty of directors and officers to act honestly and in good faith with a view to the best interests of the corporation. It is provided for in section 122(1)(a) of the CBCA and the common law. Partners also owe each other a fiduciary duty.