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^[1]:

     The company’s charter bluntly states that OpenAI’s “primary fiduciary duty is to humanity,” not to investors or even employees.

Translations

legal obligation

• Chinese:

  Mandarin: 信託義務 / 信托义务 (xìntuō yìwù)

• Finnish: luottamusvelvollisuus
• French: please add this translation if you can
• German: Treuepflicht f