Fiduciary Duties means duties owed by one person to another to whom the first person the fiduciary, stands in a position of trust. The fiduciary is not permitted to profit from the fiduciary’s position and owes undivided loyalty to the other party and must avoid conflicts of interest unless otherwise authorised by the other party after full disclosure;
Fiduciary Duties has the meaning set forth in Section 6.4.
Fiduciary Duties means the duties of a Director that are owed only to the Corporation and not to any one particular stakeholder or other interest group. All Directors, including ex officio Directors, owe the same duties and are subject to the same obligations, regardless of how they may have been elected or appointed to the Board. Directors must act in the best interests of the Corporation as a whole and, in doing so, must take into account all relevant factors. A Director breaches their duty to act in the best interests of the Corporation where the Director prefers the interests of a particular group, person or entity over the interests of the Corporation as a whole. This does not mean that the Directors cannot take into account the interests of particular groups that may be affected by Board decisions (such as the interests of the Professional Staff), but they cannot act solely in the interests of one group if to do so would not be in the best interests of the Corporation as a whole.
Examples of Fiduciary Duties in a sentence
Accordingly, you must comply with the policies and procedures set forth in this Code under the heading Fiduciary Duties.
Macey, An Economic Analysis of the Various Rationales for Making Shareholders the Exclusive Beneficiaries of Corporate Fiduciary Duties, 21 STETSON L.
Fiduciary Duties Mellon and its employees owe fiduciary duties to certain clients.
Leslie, Trusting Trustees: Fiduciary Duties and the Limits of Default Rules, 94 GEO.
Iman Anabtawi & Lynn Stout, Fiduciary Duties for Activist Shareholders, 60 STAN.
More Definitions of Fiduciary Duties
Fiduciary Duties means the fiduciary duties of the Board as set out in section 3.2 of the Bylaws and all other applicable law;
Fiduciary Duties means the duties that members of the governing body of a non-profit organisation have as a result of their having the assets belonging to another under their control. The fiduciary duties of members of the governing body of an organisation require them to act in good faith, for a proper purpose and the best interest of the organisation.
Fiduciary Duties has the meaning set out in Section 3.2.1.
Fiduciary Duties. Notwithstanding anything to the contrary in this DIP Term Sheet or the Financing Orders, or any other document, order, or instrument, nothing in the DIP Term Sheet or the Financing Orders shall require the Debtors, the Debtors’ board of directors, or any similar governing body of the Debtors, after consulting with counsel, to take any action or to refrain from taking any action with respect to any alternative financing transaction to the extent taking or failing to take such action would be inconsistent with applicable law or its fiduciary obligations under applicable law. To extent of any conflict between this provision and any other provision in this DIP Term Sheet, this provision will control.
Fiduciary Duties. Parties shall waive fiduciary duties of Managers and Members to the maximum extent permitted by law. Members and Managers shall be permitted to act in their own best interests.
Fiduciary Duties means the duties imposed on the Directors by Guernsey law;
Fiduciary Duties means a Director's principal duties under English common law, namely to: (i) act in the company's interests and for a proper purpose; (ii) not allow interests to conflict with those of the company; and (iii) respect the company's property.