Search results for "fiduciary"

Fiduciary Duty

Fiduciary Duty

…legal responsibility to act solely in the best interest of another party. “Fiduciary” means trust, and a person with a fiduciary duty has a legal obligation to maintain that trust. For example, lawyers have a fiduciary duty to act in the best interest of their clients. Similarly, physicians have a duty to care for, and […]

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Tesco maquilla sus cuentas

…Frente a las pérdidas de ventas, la cadena de supermercados británica Tesco exageró las ganancias para mantener el valor de compañía en la bolsa. Las irregularidades en las cuentas no pasaron desapercibidas….

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Tesco Cooks the Books

…Amid declining sales, British supermarket chain Tesco overstated profits to maintain company value. The irregularities in accounting did not go unnoticed….

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Payroll

Doing the Crime, Not the Time

…employer to blow the whistle on the wrongdoer. As an employee, one owes a fiduciary duty to his or her firm and a duty not to look the other way while embezzlement, employee theft, insider trading, and other forms of fraudulent activity occur. Behavioral ethics has a lot to contribute to this discussion. Mary Gentile, […]

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Conflict of Interest

Conflict of Interest

…individual or group will injure the other. In business and law, having a “fiduciary responsibility” to someone is known as having a “duty of loyalty.” For example, auditors owe a duty of loyalty to investors who rely upon the financial reports that the auditors certify. But auditors are hired and paid directly by the companies […]

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