The answer is the
moral duty managers have to act as responsible agents to the owners. A person
with a Fiduciary Duty is somebody in whom another person has placed the greatest
trust and confidence to manage and guard property or money. The Fiduciary
Relationship defines a relationship in which one individual has a duty to act
for another's benefit. In other words, in a fiduciary relationship a manager's main
obligation or duty is to act towards the benefit of the shareholders.
