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top   »  governance   »  compliance   »  fiduciary duty   »  fiduciary vs principle

Fiduciary vs Principle

 , updated on January 15, 2023
A fiduciary is a party that has a duty to act solely in another party's interests. This other party is referred to as a principle. Fiduciary duty is a strict duty of care that is established by taking on certain responsibilities. The following are a few examples:
Examples: Fiduciary vs Principle
Fiduciary
Principle
Trustee
Beneficiary
Corporate Officer
Shareholders
Lawyer
Client
Legal guardian
Ward
Doctor
Patient
Director (Board of Directors)
Shareholders
Agent
Client
Executor
Heirs
Teacher
Student
Public Official
Public
Overview: Fiduciary vs Principle
Type
Fiduciary Duty
Fiduciary Definition
A party that has a legal duty to act solely in a principle's interests.
Principle Definition
A party that is owed fiduciary duty.
Related Concepts
Fiduciary Duty
Conflict Of Interest
Compliance

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