What is a Fiduciary Duty?

A fiduciary duty is a board of directors' responsibility and commitment to uphold the unique interests of a business, organization, or entity. If an individual breaks his or her fiduciary duties, his or her beneficiaries are entitled to damages lost as a result of the fiduciaries' oversight or neglect.

OnBoard Powers Intelligent Board Meetings

OnBoard equips executive leadership with the resources to facilitate efficient and effective board meetings. Our system is designed to work the way you do, addressing the unique challenges that your board faces daily. OnBoard is intuitive, adaptable, and supportive, giving you all the expert intelligence needed to drive increased board effectiveness.

Further Reading

• What is a Board of Directors, Its Structure, Roles, and Responsibilities
• Living the Board of Directors' Duties of Care & Loyalty
• What is the Difference Between a Board of Directors and a Board of Trustees?