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Title: Corporate Governance: Changing Trends in Interpreting Fiduciary Duty
Authors: Anurag K Agarwal
Issue/Year: Jul-2014
Section: Perspectives
Abstract: One of the foremost requirements of corporate governance is transparency in the system. It is the crux of fiduciary duty - the duty of loyalty and care towards the employer - that personal interest is sacrificed as compared to the employer’s interest. Being on the right side of law is the goal but the line between legal and illegal is often hazy and changeable making it difficult for the practitioner to take any action and also for the judge to decide whether the line was breached or not. The paper deals with certain recent cases decided by higher courts in India and abroad on this issue.
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