"Mr. Miller had a fiduciary relationship with the school district," he said.
The fiduciary relationship arises from the government and its politicians ability to control people with the exercise of that power.
Generally, a promoter is in a fiduciary relationship with the corporation and the shareholders.
However, the court held that a joint venture created a fiduciary relationship in which each member is bound to a higher standard.
"Plans need to be put in place because you owe the fiduciary relationship to your employees, vendors, shareholders and customers."
As the trustee, I have a fiduciary relationship with 870,000 modestly paid government workers.
It is not necessary that he have a fiduciary relationship with the company whose shares are being traded.
Wright it was established that a director did not stand in a fiduciary relationship with his shareholders.
There are three conditions that must be present for a fiduciary relationship to exist:
He noted fiduciary relationships can bring an entire duty of disclosure.