Posted: March 4th, 2015

‘In UK law, the directors have a fiduciary duty to their company. ‘Fiduciary’ means given in trust, and the concept of a trustee (as established in US and UK law) is applicable.

‘In UK law, the directors have a fiduciary duty to their company. ‘Fiduciary’ means given in trust, and the concept of a trustee (as established in US and UK law) is applicable.

The directors hold a position of trust because they make contracts on behalf of the company and also control the company’s property. Since this is similar to being a trustee of the company, a director has fiduciary duties.’

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