Fiduciary Responsibility

A fiduciary is someone who has undertaken to act for and on behalf of another in a particular matter in circumstances which give rise to a relationship of trust and confidence.

A fiduciary duty is the highest standard of care at either equity or law.

Directors of not-for-profit organizations are expected to fulfill their fiduciary responsibilities in accordance with 3 important standards:

Have your organization's resources been put to their best use in fulfilling the organization's mission?

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