fiduciary duty
A legal or ethical relationship of trust between two or more parties, typically where one party places special trust in the other. The legal and ethical obligation to act in the best interests of the beneficiaries of the pension fund. The legal or ethical relationship of trust between a fiduciary and a principal, requiring the fiduciary to act in the best interests of the principal. The legal and ethical obligation of a trustee to act in the best interests of the beneficiaries of a trust. A legal and ethical obligation to act in the best interests of another party, in this case, the residents of Newham, by the Corporate Director of Resources.