Introduction
The word “fiduciary” comes from the Latin word “fiducia”, which means “trust”. The term “fiduciary” is most often used to refer to a person or business that has the power and obligation to act on behalf of another person (called the beneficiary) against the background of total trust, honesty and good faith. Fiduciary duties of directors, officers and controlling shareholders play significant role in business and corporate governance, along with other duties, imposed on them by position. For the purposes of this assignment I would like to discuss fiduciary duties of directors, officers and controlling shareholders. The legislation of Ohio ...
