Explain the following terms/concept : Fiduciary duty

Question

Explain the following terms/concept : Fiduciary duty

Explain the following terms/concept :

Fiduciary duty

Monjur Alahi

5 views

2025-01-04 04:42

1 Answers

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Salim Ahmed Kawsar

It means that a person has to act in good faith and trust which is put upon him by another person.

Eg. Promoters have fiduciary duties towards the company they are setting up. It means they have to act in a manner that protects and promotes the interest of the proposed company.

5 views Answered 2023-02-05 15:29