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English
Noun
fiduciary duty (plural fiduciary duties)
- (law) The legal obligation of loyalty under which a fiduciary may have no conflict of duty between themselves and their principal, and must not profit from their position as a fiduciary.
2023 November 20, Karen Hao, Charlie Warzel, “Inside the Chaos at OpenAI”, in The Atlantic:The company’s charter bluntly states that OpenAI’s “primary fiduciary duty is to humanity,” not to investors or even employees.
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