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    GLOSSARY

    Fiduciary Duty

    A fiduciary duty is a legal obligation to act with the care, loyalty, good faith, and attention required of someone entrusted to make decisions for an organization or another person.

    Why it matters

    Directors and officers should understand which duties apply, what information they need before acting, how conflicts are handled, and how the decision is documented. The precise standard and available protections depend on the organization and governing law.