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  • November 2021 (Revised October 2024)
  • Background Note
  • HBS Case Collection

Legal Analysis: Fiduciary Duties for Managers

By: J.S. Nelson and Trevor Fetter
  • Format:Print
  • | Language:English
  • | Pages:19
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Abstract

This note describes the essential legal responsibilities of managers and company directors toward investors and other parties. These include basic fiduciary duties of loyalty, obedience, good faith and care, as well as duties that relate to information, such as candor and confidentiality.

Keywords

Fiduciary Duty; Managerial Roles; Legal Liability

Citation

Nelson, J.S., and Trevor Fetter. "Legal Analysis: Fiduciary Duties for Managers." Harvard Business School Background Note 322-073, November 2021. (Revised October 2024.)
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About The Author

Trevor Fetter

Accounting and Management
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Related Work

    • November 2021 (Revised October 2024)
    • Faculty Research

    Legal Analysis: Fiduciary Duties for Managers

    By: J.S. Nelson and Trevor Fetter
Related Work
  • Legal Analysis: Fiduciary Duties for Managers By: J.S. Nelson and Trevor Fetter
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