fiduciary duty

English

Noun

fiduciary duty (plural fiduciary duties)

  1. (law) The legal obligation of loyalty under which a fiduciary may have no conflict of duty between themselves and their principal, and must not profit from their position as a fiduciary.
    • 2023 November 20, Karen Hao, Charlie Warzel, “Inside the Chaos at OpenAI”, in The Atlantic‎:
      The company’s charter bluntly states that OpenAI’s “primary fiduciary duty is to humanity,” not to investors or even employees.

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