Fiduciary Duties definition

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;

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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

• No Fiduciary Duties ...........................................................................................

• The parties also hereby unconditionally and irrevocably waive and release any right, power or privilege either may have to claim or receive from the other party any punitive, exemplary, statutory, or treble damages or any incidental or consequential damages with respect to any breach of the Implied Fiduciary Duties.

• No Fiduciary Duties ........................................................................................................

• Fiduciary Duties A fiduciary must carry out his duties and responsibilities for the purpose of providing Benefits to the employees and their Dependent(s), and defraying reasonable expenses of administering the Plan.

• Furthermore, Owner specifically consents to all transactions and conduct by Manager and its Affiliates described in this Agreement, including those set out below, and waives any Implied Fiduciary Duties which Manager may owe to Owner now, or which may arise in the future, in connection with such transactions or conduct.

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. 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, collectively, the common law and statutory fiduciary duties under the Act that, absent any express contractual limitation are owed by Persons who manage or control business entities, including limited liability companies or limited partnerships, or the business or assets of such entities, to such entities and to the members, partners and investors in such entities.

Fiduciary Duties. The BR LLC Agreement will contain a customary disclaimer of fiduciary duties.

Fiduciary Duties or "best practices" (or, in each case, words of similar effect) qualifications."