A fiduciary relationship exists when an employee is required to oversee and look out for the best interests of the employer and put the employer’s interests before their own. This requires that the employee act honestly, in good faith, and strictly in the best interests of the employer. This is generally reserved for the most senior positions and those that have the authority to bind the company’s interests, and they will have duties to the employer beyond those of other employees.
Some companies try to label almost everyone as a “fiduciary” and impose the corresponding obligations upon them. The MacDonald & Associates team can help you to understand whether you are truly a fiduciary, what your duties to your employer are and whether you have breached or might breach such a duty.
