Corporate governance: changing trends in interpreting fiduciary duty

Abstract

The author discusses the need for corporate directors to know the concept of fiduciary to be more aware of the obligations, duties and liabilities imposed by it. He cites the task of the directors who take decisions for and on behalf of the companies to keep in mind the best interests of the company while avoiding conflict of interest and knowing the boundary between legal and illegal. He also notes the limitations of the courts in settling disputes concerning fiduciary relationships.