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This article explores the intricacies of fiduciary duty, emphasizing the responsibilities of Council members as Directors. It details the key concepts of Duty of Care and Duty of Loyalty, highlighting their importance in decision-making processes. Through insightful illustrations and case studies, readers will gain a clearer understanding of fiduciary obligations and how they apply to both personal and organizational contexts. This informative piece serves as a valuable resource for anyone looking to navigate the complexities of fiduciary relationships while ensuring ethical conduct in their roles.
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EVERYTHING YOU ALWAYS WANTED TO KNOW ABOUT FIDUCIARY DUTY* (*but were afraid to ask)
Image by David Gibbs. Retrieved from: http://gibbslawandlife.blogspot.ca/2012_09_01_archive.html
DUTY OF CARE DUTY OF LOYALTY
Photo by Neatplates. Retrieved from: http://tinyurl.com/m8vqd8o
Photo by Kevan Hall. Retrieved from: http://tinyurl.com/lwzteuk
Photo by Yoseph at Vuru Blog.com. Retrieved from: http://tinyurl.com/kjwl5ob
As voting members of Council, Constituency representatives are first and foremost Directors of the Society and owe their first duty to the Society.