A fiduciary duty is a type of law applied to individuals who act on behalf of and in the best interests of someone or something else. Essentially, it is an obligation of trust from the person acting on behalf of another aka fiduciary, to the one for whom they are acting. In terms of businesses and corporations, a fiduciary duty is an obligation to act in good faith, with the care of a reasonable person in a similar position and the belief that their decisions are in the best interests of the company and its shareholders.
April 24, 2024
Directors are responsible for steering the company toward a prosperous future by setting policies, overseeing management, and fulfilling fiduciary duties to shareholders. Officers, such as CEOs and CFOs, are tasked with executing these strategies and managing the day-to-day operations that keep the corporation thriving. These roles, while distinct, must interplay seamlessly to ensure the success and legal compliance of the business. This article will dissect these critical roles, explore the legal obligations and liabilities they bear, and discuss how they work collectively to maintain robust corporate governance.
April 4, 2024
Business relationships are susceptible to dispute just like family or social relationships. When two or more people have a partnership agreement in Wisconsin and are struggling to work together through a business dispute it can be difficult, if not impossible, to remain productive. If work disagreements eventually become an insurmountable roadblock the partners inevitably ask what they can do to get out of the situation.
August 9, 2023
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