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by leereeves
659 days ago
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I believe a similar concept exists in finance, as part of fiduciary duty. It's called duty of care in that context. "The American Law Institute’s Principles of Corporate Governance defines the duty of care as the duty by which a corporate director or officer is required to perform their functions in good faith; in a manner that they reasonably believe to be in the best interests of the corporation; and with the care that an ordinarily prudent person would reasonably be expected to exercise in a like position and under similar circumstances (negligence standard)." https://www.law.cornell.edu/wex/duty_of_care |
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