Fiduciary responsibility ensures a corporate environment of strong internal controls, fiscal accountability, high ethical standards, and compliance with all applicable laws and regulations.

Question

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Fiduciary responsibility refers to the obligation to act in the best interest of another party, such as a corporation's stakeholders, and encompasses the duty to ensure strong internal controls, fiscal accountability, high ethical standards, and compliance with laws and regulations.

Fiduciary Responsibility Ensures a Corporate Environment of Strong Internal Controls