Title: For You Alone - Dual-Investor Theory and Fiduciary Relationships
Abstract:Fiduciary relationships have become increasingly important in professional ethics. According to Mark Rodwin, “[t]he idea that physicians are or should be fiduciaries for their patients . . . is a domi...Fiduciary relationships have become increasingly important in professional ethics. According to Mark Rodwin, “[t]he idea that physicians are or should be fiduciaries for their patients . . . is a dominant metaphor in medical ethics and law today.” 1 He further notes that “[t]he American College of Physicians declares that the physician is the advocate and champion of his patient, upholding the patient’s interest above all others” and that “members of the American College of Surgeons pledge to place the welfare of [their] patients above all else.” 2 Lester Brickman avers that “[t]he attorney-client relationship typifies a fiduciary relationship” and notes that “fiduciary obligations imposed on the lawyer include the duties of confidentiality, loyalty, safeguarding property, giving disinterested advice, and acting fairly towards the client.” 3 Joel Block points out that “CPAs may be considered fiduciaries to their clients when they render a variety of services including tax services, asset management and general business consulting.” 4 Fiduciary models have been invoked for a wide variety of fields and occupations, including government officials, 5 business and corporate managers, 6Read More
Publication Year: 2007
Publication Date: 2007-01-01
Language: en
Type: article
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