(redirected from Fiduciary Responsibility)
Also found in: Dictionary, Thesaurus, Legal, Financial, Encyclopedia.

fiduciary (fidoo´shēerē),

n a person who has a duty to act primarily for another's benefit, as a trustee. Also, pertaining to the good faith and confidence involved in such a relationship.
References in periodicals archive ?
The carefully determined moment to sell is as important a part of a director's fiduciary responsibility to shareholders as monitoring current results.
When a fiduciary responsibility is found to exist, the fiduciary owes the client duties of good faith, loyalty, due care, honesty and communication.
Fi360 promotes a culture of fiduciary responsibility and improves the decision making processes of investment fiduciaries--individuals who manage money for others--through Training, Tools and Resources based on the defined Practices for investment fiduciaries.
Statutes, case law and regulatory opinion letters dealing with investment fiduciary responsibility reinforce this concept.
We believe our partnership with the Council on Foundations provides a great educational opportunity to enhance the knowledge of individuals in positions of fiduciary responsibility that will reassure the donating public that their best interests are being served.
The board recognizes their primary fiduciary responsibility is to the shareholders,'' Rex said.
Most important, choosing a consultant doesn't automatically relieve the company of its fiduciary responsibility for selecting the investment manager or other vendors.
Atkins has ongoing accountability for maintaining the integrity of personal trust relationships and high standards of fiduciary responsibility.
In addition, it disregarded the fiduciary responsibility of any successor trustee and local law regulation of trusts.
The DOL'S newly proposed regulations offer relief from fiduciary responsibility to sponsors of savings and pension plans that provide participant-directed investments.
I believe it's important that there be high standards of fiduciary responsibility and accountability with non profit endowments, and that funded gifts be used as intended.
The sidebar about fiduciary responsibility seems narrowly focused on advisers to nonprofits.