Fiduciary responsibility means that managers are responsible for safeguarding a company's assets and handling its funds in a trustworthy manner.

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Fiduciary responsibility refers to the obligation of an individual or organization to act in the best interest of another party, such as a company or its shareholders, which includes safeguarding the company's assets and managing its funds responsibly and ethically.

Fiduciary Responsibility Means That Managers Are Responsible for Safeguarding a Company's