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by jrapdx3 951 days ago
Yep, "fiduciary" is about a trust relationship. A fiduciary is obligated to act in a trustworthy manner. 501c3 board members are entrusted with the welfare of the organization vs. their own interests.

I surmise that "Revlon" stands for "an entity worth billions". IOW having a component with large monetary value to manage.

1 comments

Apparently Revlon is a legal standard: https://news.ycombinator.com/item?id=38326869