What are fiduciary duties and why are they different from the basic rules of everyday business transactions? Professor Robert Miller discusses how “fiduciary duties” describe a particular relationship between directors and shareholders. Directors are held to a higher standard of behavior above and beyond the usual rules of the marketplace because they act on behalf of the shareholders. #law #no86 #lawschool #lawstudent #corporatelaw

Robert T. Miller is the F. Arnold Daum Chair in Corporate Finance and Law and the Associate Dean for Faculty Development at the University of Iowa College of Law.

* * * * *

As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker.