It has been said that fiduciaries must conduct themselves " at a level higher than that trodden by the crowd " and that " he distinguishing or overriding duty of a fiduciary is the obligation of undivided loyalty.

The anti-fraud provisions of the Investment Advisers Act of 1940 and most state laws impose a duty on IAs to act as fiduciaries in dealings with their clients.

Many of these institutional fiduciaries provide no disclosure of what " services " they are receiving for the excess over their fully negotiated commission rate.

A blind trust is a trust in which the fiduciaries, namely the trustees or those who have been given power of attorney, have full discretion over the assets, and the trust beneficiaries have no knowledge of the holdings of the trust and no right to intervene in their handling.

As an agent, they are " fiduciaries " of the body corporate.

This type of deed is most commonly used by court officials or fiduciaries that hold the property by force of law rather than title, such as properties seized for unpaid taxes and sold at sheriff's sale, or an executor.

Sotheby ’ s Trusts & Estates service assists fiduciaries, executors and beneficiaries in the United States for valuation and disposition of personal property assets, estate tax, family division, insurance loans, collateral loans and consignment management.

The kingdom was ruled by the Shulki kings who held Stambha epithets and were the fiduciaries of the Bahmukar kings.

This approach allows fiduciaries to utilize modern portfolio theory to guide investment decisions and requires risk versus return analysis.

In the United States, the board of directors ( elected by the shareholders ) is often equivalent to the supervisory board, while the executive board may often be known as the executive committee ( operating committee or executive council ), composed of the CEO and their direct reports ( other C-level officers, division / subsidiary heads ).

Some of its powers may, according to its articles, be exercised by directors, certain other powers may be reserved for the shareholders in general meeting.

In some legal systems, directors may also be removed by a resolution of the remaining directors ( in some countries they may only do so " with cause "; in others the power is unrestricted ).

Most legal systems require sufficient notice to be given to all directors of these meetings, and that a quorum must be present before any business may be conducted.

Usually, a meeting which is held without notice having been given is still valid if all of the directors attend, but it has been held that a failure to give notice may negate resolutions passed at a meeting, because the persuasive oratory of a minority of directors might have persuaded the majority to change their minds and vote otherwise.

This does not mean that directors can never stand in a fiduciary relationship to the individual shareholders ; they may well have such a duty in certain circumstances.

The company remains bound, but the directors retain the discretion to vote against taking the future actions ( although that may involve a breach by the company of the contract that the board previously approved ).

While a board may have several committees, two -- the compensation committee and audit committee -- are critical and must be made up of at least three independent directors and no inside directors.

The board of directors is technically not part of management itself, although its chairman may be considered part of the corporate office if he or she is an executive chairman.

In the United States, the board of directors ( elected by the shareholders ) is often equivalent to the supervisory board, while the executive board may often be known as the executive committee or executive council, composed of the division / subsidiary heads and C-level officers that report directly to the CEO.

In the Philippine Coast Guard Auxiliary-PCGA, each of the directors in command of the 10 Coast Guard Auxiliary districts are commodores, as well as most of the Deputy National Directors ( some may be rear admirals ).

*§ 141 ( a ) ' The business and affairs of every corporation organized under this chapter shall be managed by or under the direction of a board of directors, except as may be otherwise provided in this chapter or in its certificate of incorporation.

In most countries, trading by corporate insiders such as officers, key employees, directors, and large shareholders may be legal, if this trading is done in a way that does not take advantage of non-public information.

Even though in general, ordinary relations between directors and shareholders in a business corporation are not of such a fiduciary nature as to make it the duty of a director to disclose to a shareholder the general knowledge which he may possess regarding the value of the shares of the company before he purchases any from a shareholder, yet there are cases where, by reason of the special facts, such duty exists.

Program directors may work for the station or at a central location run by a corporate network.

Without a robust whistleblower system, directors / trustees of the organization may fail in their oversight responsibilities.

A change in leadership may ultimately effect changes at the museum, as new directors commonly have new ideas for the institution they work for.

Turan suggested that American Beauty may have benefited from Mendes ' inexperience, as his " anything's possible daring " made him attempt beats that more seasoned directors might have avoided.

In 2003, The Guardian put him seventh in its list of the world's 40 best directors.

Other debilitating scandals included " Arms to Iraq " – the ongoing inquiry into how government ministers including Alan Clark ( also involved in an unrelated scandal involving the revelation of his affair with the wife and both daughters of a South African judge ) had encouraged businesses to supply arms to Iraq during the Iran-Iraq War of the 1980s, in breach of the official arms embargo, and how senior ministers had, on legal advice, attempted to withhold evidence of this official connivance when directors of Matrix Churchill were put trial for breaking the embargo.

The 1973 oil crisis, a series of automobile-related regulatory changes enacted during the 1970s and a change of directors at Volkswagen made the case for a Volkswagen sports car less striking and the 425 project was put on hold.

The similar-sounding, but unrelated term, " metteurs en scène " ( figuratively, " stagers ") was used by the auteur theory as a disparaging label for directors who did not put their personal vision into their films.

Although McQueen was combative with directors and producers, his popularity put him in high demand and enabled him to command large salaries.

By the end of its first year, the company had put 15 films into production and had an additional 12 directors, producers, and actors set to sign on, making Orion a major Hollywood studio from its very inception.

On 17 April 1986, the board of directors, after an emergency meeting, put the club on the market after councillors rejected plans to sell Bloomfield Road for a supermarket site in a £ 35 million redevelopment scheme.

The company's board of directors and union leadership put pressure on Den Kawakatsu, then-president of Nankai Railway and owner of the team, to sell the team, which he refused to do.

Some, but not all, of them have stemmed from her opposition to directors who, as she put it in an interview with ABC " want to express their own fantasies, forgetting about the characters.

At a meeting of the canal company's directors on the 5 June 1800 Dundas " produced a model of a boat by Captain Schank to be worked by a steam engine by Mr Symington ", and it was agreed this should be immediately put in hand.

Another attempt by directors in 2004 to sell Cliftonhill and move to Airdrie was defeated by shareholders, despite scare stories put about by the board that the football authorities would not allow the club to play at the ground for much longer.

The newly-elected Carr State Government put the park's long-term viability in doubt ; first removing the government guarantee of a $ 14 million loan to the Trust, then dissolving the Trust's board of directors and appointing an administrator.

In the mid-1970s, as program directors began to put more controls over what songs were played on air, progressive stations evolved into the album-oriented rock format.

Four directors of the British machine tools manufacturer Matrix Churchill were put on trial for supplying equipment and knowledge to Iraq, but in 1992 the trial collapsed, as it was revealed that the company had been advised by the government on how to sell arms to Iraq.

He put his wife and a 10-woman board of directors in charge of the team.

The SER did not put up more opposition as many of the directors felt that the line would never be built due to lack of finance, others ‘ waited in the background for the onset of bankruptcy, hoping to absorb the new line at a substantial discount.

The nexus of contracts theory is an idea put forth by a number of economists and legal commentators ( most notable Frank Easterbrook of the United States Court of Appeals for the Seventh Circuit ) which asserts that corporations are nothing more than a collection of contracts between different parties-primarily shareholders, directors, employees, suppliers, and customers.

In his mid 20's, he was put on the board of directors of the Finnish Radio Symphony Orchestra.

Since that time, few directors have attempted to put everything in a novel into a film.

When Paramount seized control of the Fleischer studio in Miami, Gordon was one of four directors put in charge of production.

In July 2006, St. Pats board of directors gave a clear indication of staying put by purchasing local pub Richmond House ( also known as McDowells ) in order to give the club's fans a social base.

But the directors decided to put the seminary in Rockford, and this became the basis for Rockford College.

The scheme was rejected by the town council the following month, at which point the board of directors decided to put the club up for sale.

They are put through four sets of audition challenges, including monologues, improvisation, and scripted auditions in front of well-known Hollywood directors, casting executives and executive producers.