What's the difference between fiduciary and trustee?

Fiduciary


Definition:

  • (n.) One who holds a thing in trust for another; a trustee.
  • (n.) One who depends for salvation on faith, without works; an Antinomian.

Example Sentences:

  • (1) As the authors rightly point out, much of the blame for the failure of directors to act is their mistaken view that maximising shareholder value is a company’s legal obligation or director’s fiduciary responsibility.
  • (2) Pension funds, which have a fiduciary duty to make money, have no business owning any of these companies.
  • (3) At the same time, around half of total institutional assets ($45trn) under management now subscribe to responsible investing principles, and climate risk management now needs to become part of investors’ fiduciary duty.
  • (4) "Our political leaders seem alarmingly content to lurch from one near-crisis to the next, and it is our hope that this new framework helps encourage policymakers to meet their fiduciary responsibilities and come up with a bipartisan plan to fix the debt," she said.
  • (5) The Fifa spokesperson Delia Fischer told the Mail & Guardian: “As our statement already says, Safa instructed Fifa that the diaspora legacy programme should be administered and implemented directly by the president of Concacaf who at that time was deputy chairman of the finance committee and who should act as the fiduciary of the diaspora legacy programme fund of $10m.
  • (6) The authors propose a rebuttable presumption that sexual contact between an attorney and client was obtained through the attorney's exercise of undue influence and was therefore a breach of the attorney's fiduciary duties to the client.
  • (7) Given this, the question then becomes under what circumstances and conditions a simple internal conflict may escalate into the problem of divided loyalties or fiduciary ambiguities.
  • (8) He says the FCA and the Bank of England should include these aspects in fiduciary responsibility.
  • (9) The sole share in the new company was issued to Stephen Jones's company, Jirehouse Fiduciaries Nominees.
  • (10) The board of directors never questioned this purchase, which Hampton termed a failure of their fiduciary responsibilities," the cable said.
  • (11) In this way, the care of the cancer patient can become a truly fiduciary responsibility.
  • (12) To suggest that there is any reason to settle prior to the adjudication of the pending criminal cases is obscene and without regard to the fiduciary responsibility owed to the taxpaying citizens of the city,” Lt Gene Ryan said in a statement.
  • (13) In January 2009 the family's lawyer, Bashir Ghazialam, filed court papers alleging "breach of trust, breach of fiduciary duty and fraud".
  • (14) Though insisting that interaction between them is two-way, not one-way, the author insisted that the relation is basically asymmetrical because of the physician's expertise in health matters, gained through training and experience, and his special fiduciary responsibility for the care of the sick.
  • (15) Shareholders give directors the power to run a company and a breach of that fiduciary duty is a reflection of a lapse in that honesty.
  • (16) Rethink what fiduciary responsibility means in this changing world.
  • (17) I have said before and I will say it again, if corporations continue to invest in new fossil fuel exploration, new fossil fuel exploitation they are really in breach of their fiduciary duty because the science is abundantly clear.
  • (18) The Article suggests that the supremacy of self-medication is consistent with competition policy, the medical profession's fiduciary duty to clients, reduced medical costs and improved health.
  • (19) Asked about the importance of a fiduciary responsibility, Simon Morris of law firm CMS Cameron McKenna said: "A fiduciary duty is about honesty.
  • (20) After discussing how physicians express this ideal in practice, Moline suggests that it is possible in almost any occupation to express the spirit of the paradigm professional by putting the good of the weaker party over one's own interest, maintaining standards of strict confidentiality regarding personal information, and treating one's working relationships with others as fiduciary.

Trustee


Definition:

  • (n.) A person to whom property is legally committed in trust, to be applied either for the benefit of specified individuals, or for public uses; one who is intrusted with property for the benefit of another; also, a person in whose hands the effects of another are attached in a trustee process.
  • (v. t.) To commit (property) to the care of a trustee; as, to trustee an estate.
  • (v. t.) To attach (a debtor's wages, credits, or property in the hands of a third person) in the interest of the creditor.

Example Sentences:

  • (1) Also, it is often the case that trustees or senior leadership are in said positions because they have personal relationships with the founder.
  • (2) A teaching union has questioned appointment of a trustee of Britain's largest academy chain group as chairman of the schools regulator Ofsted , in what was a surprise announcement meant to calm some of the internal conflicts within the coalition.
  • (3) It is essential that charities integrate new trustees well from day one – and the process must not be rushed.
  • (4) Our board of trustees already involves [the ice hockey player] Ilya Kovalchuk and his wife Nicole, and we are now negotiating with [the boxer] Roy Jones Jr, who recently received Russian citizenship.” It is clear that Shatov is an achiever more than than a dreamer – a down-to-earth character who will never forget where he came from.
  • (5) I've just run a seminar at the BOND conference about an hour ago reminding people what the roles and responsibilities of being a trustee are.
  • (6) Unfortunately, a provision in the deal ensures that Sterling’s estranged wife Shelly, current trustee of the Sterling Family Trust, will remain associated with the team as its “owner emeritus and No1 fan”.
  • (7) Mind speaks for a diverse community and aims to reflect this in its board of trustees, half of whom must have direct experience of mental health problems.
  • (8) So if some trustees feel that increased demands on their time will be too burdensome, it best to leave the field open to others.
  • (9) In addition, BBC executives and trustees were summoned by parliamentary committees more than once a month.
  • (10) The Board of Trustees concludes that judicial intervention rarely is appropriate when a pregnant woman makes an informed refusal of treatment.
  • (11) I turned to one of the trustees and said 'We've made a computer company'.
  • (12) Photograph: Graeme Robertson for the Guardian Updated at 4.14pm BST 4.03pm BST BBC Trustee Anthony Fry explains what he said earlier about being told to "get back in my box".
  • (13) But, I worry that my views will alienate our trustees, staff, volunteers and donors.
  • (14) Trustees raised concerns about conditions attached to the inflation link, which was designed to mitigate the more than £700m cost of making the BBC fund free TV licences for the over-75s, minutes from a Trust meeting on 6 July, the day the government unveiled its settlement for the future of BBC funding , reveal.
  • (15) That morning he had given a cooking demonstration at a local farmers' market, of which he is a trustee.
  • (16) The trustees also said that the two parties should not have been involved in the negotiations because it was at Thompson's discretion not to include them in the debate at all.
  • (17) We are obviously very concerned about the wellbeing of the fund, which is heavily invested in energy stocks worldwide,” said Pete Grannis, New York State deputy comptroller, whose office is the sole trustee of the fund, which has one million members.
  • (18) Asked about another company, in which Firtash's shareholding was hidden behind a trustee, he said: "Mr Firtash at that time did not want to be a public figure."
  • (19) Bletchley Park was once one of the most secret places in Britain, but now its trustees hope to name and honour every person who worked at the code-breaking centre and reputedly helped shorten the course of the second world war.
  • (20) Chris Martin, chairman of the trustees of the BHS pension scheme, said: “Our focus is on clear communications with the members.

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