Duty of loyalty

{
  "id": "MLC-T-LAW-001785",
  "term": "Duty of loyalty",
  "field": "Law",
  "definition": "A fiduciary obligation requiring an individual, such as a corporate director or agent, to act solely in the best interests of the entity or person they represent, free from conflicts of interest. This duty prohibits self-dealing and requires full disclosure of any potential conflicts. It is a cornerstone of corporate governance and agency law.",
  "url": "https://mlchart.com/terminology/law/duty-of-loyalty/"
}