Explore BrainMass
Share

Explore BrainMass

    Management's Fiduciary Duty Assessment

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    What is a manager's fiduciary duty?

    It is not management that has this responsibility per se, but the owner of an incorporated business selling stocks. Such businesses MUST make money for their shareholders as part of their fiduciary duty/responsibility.

    © BrainMass Inc. brainmass.com October 10, 2019, 2:49 am ad1c9bdddf
    https://brainmass.com/business/accounting/management-s-fiduciary-duty-assessment-395021

    Solution Preview

    Actually, I'm not sure I agree with your statement. As an executive, I don't believe you're headed in the right direction. Let me explain to you why, and how I would answer this, as an executive.

    A manager's fiduciary duty is to act in the best interest of the stakeholders of the company, at all times. The manager's fiduciary duty lies ...

    Solution Summary

    The solution provides a discussion regarding the fiduciary duty of a manager.

    $2.19