What are Fiduciary Duties?

Fiduciary duties refer to the legal and ethical obligations that board members have to act in the best interests of the organization. These duties include the duty of care (making informed decisions), the duty of loyalty (avoiding conflicts of interest), and the duty of obedience (ensuring compliance with laws and the organization’s mission). Fiduciary duties are essential for maintaining trust, accountability, and transparency in governance.

This topic is covered in our training on Governance & Ethical Leadership. For full insights, check out the training video: [link-here]