单词 | duty of loyalty |
释义 | duty of loyalty Several state nonprofit corporation laws specify that board members are personally liable for approving a transaction that violates a board member's fiduciary duty of loyalty. Christianity Today Directors of nonprofit corporations also have a fiduciary duty of loyalty to the corporation. Christianity Today In most cases, a director breaches the duty of loyalty only through some secret or undisclosed interest in a transaction with the corporation. Christianity Today Under these circumstances, the pastor likely has violated the fiduciary duty of loyalty by usurping a corporate opportunity. Christianity Today In such a case, the duty of loyalty may be violated. Christianity Today |
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