Economics · Business Ethics

In ethical finance, the term 'fiduciary responsibility' primarily implies which of the following?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Strategic transfer of operational and financial risk to customers
2A legal and ethical duty to act in the best interest of entrusted stakeholders✓
3Information disclosure without any formal operational accountability
4Maximisation of quarterly corporate profits at all costs

Correct answer

A legal and ethical duty to act in the best interest of entrusted stakeholders

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