The role of fiduciary employees

The rights and responsibilities of fiduciaries
By Kristin Taylor
|Canadian Employment Law Today

Background

Attracting and retaining top senior management means organizations have to offer high salaries, attractive benefits and, sometimes, share-purchase options to underline the connection between management’s and the company’s performance. In return, companies insist on scrupulous loyalty from senior management.

But it’s rare for a senior manager to stay with a single company for her entire professional career. Organizations, recognizing this, worry about a manager taking confidential information when she leaves and are concerned about that employee using skills learned on the job to entice customers to her new employer.