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'Fiduciary duty' is one of the duties that corporate directors and officers have towards a corporation.Broadly speaking, fiduciary duties can be grouped into three categories:
- Duty of Loyalty. A director must act in accordance with the interests of the corporation, and not his own interests.
- Duty of Candor. A director must not withhold information from the corporation, particularly with respect to the director's dealings with the corporation.
- Duty of Care. A director must act with a reasonable degree of care with respect to the corporation. The duty of care includes the duty of confidentiality.
