Fiduciary duty

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).

Source:

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.

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