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Corporate Fiduciary Duties:  What Are They? Who Has Them?

Corporate Fiduciary Duties: What Are They? Who Has Them?

Surprise! If you are the officer (like the CEO or President), director (member of the Board of Directors) or member (term for the owner of an LLC) of a company, you are also a fiduciary for that company. This means that you have ethical and legal obligations to act in the best interest of that company by ensuring that any decisions made on behalf of the company reflect the best interests of the company and its stakeholders rather than your own interests. The duties imposed on a corporate fiduciary are significant and, accordingly, often serve as the basis for litigation so it is important to know them and make all decisions as a fiduciary with these duties in mind.

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Importance Of Corporate Governance

Importance Of Corporate Governance

Importance of Corporate Governance Yes, this applies to you even if you are not a corporation and all the other owners are your relatives. Corporate governance is the structure that allows an organization or company to achieve its goals while ensuring compliance of...

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Bolster

Bolster

Welcome! When I decided to create this firm, I was sure that I wanted to be more than just a legal advisor for our clients. I wanted to not only help our clients when they found themselves in a transaction gone bad or in a dispute with a partner, I also wanted to...

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