According to the Global Business Standards Codex, the ______ principle acts on behalf of the company and its investors.

Question

Quizplus · Accepted Answer

The fiduciary principle states that managers and directors act in the best interests of the company and its investors, and therefore have a fiduciary duty to ensure that decisions and actions align with this responsibility. The other principles listed (property, reliability, and transparency) do not directly address this aspect of corporate responsibility.

According to the Global Business Standards Codex, the ______ Principle