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• Where corporate information is revealed legitimately to a consultant working for the corporation, they may become fiduciaries of the shareholders.
• The issue of banknotes is the sole function of the issue department, the notes being fiduciary backed by government securities rather than backed by gold.
• A person in a fiduciary position is not entitled to make a profit or to put himself in a position where his interest and duty conflict.
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Management and the board of directors have fiduciary obligations which require that reports be produced in a manner consistent with these obligations.
»""They have a fiduciary responsibility to watch the dollars at Chicago State,"" Davis said.
»This case dealt with a managing director who was clearly in a fiduciary position.
A court-appointed fiduciary has managed the trust for five years.
Financial and business terms. 2012.