Which one of the following statements best describes why the term fiduciary is associated with conflicts of interest?
A) The term refers to the difficulty that employees often have navigating their way through such conflicts.
B) The term fiduciary is related to looking after the well-being and welfare of the company and its shareholders above one's own welfare.
C) Executives often find themselves in difficult positions related to whether or not to cash in on share options.
D) If one has a fiduciary responsibility to another, nondisclosure of a conflict of interest is generally illegal.
Correct Answer:
Verified
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