Explain what is meant by fiduciary responsibility

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Reference no: EM133243222

Liaison between management and full board.

Review & make recommendations on management proposals.

Performing special assignments as may be delegated by full board.

Business transacted should be reported at regular sessions of the governing body & ratified.

Committee generally has all the powers of the governing body.

Questions:

Describe how a corporation derives its authority.

Explain what is meant by fiduciary responsibility.

Discuss corporate organization & committee structure.

Reference no: EM133243222

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