Robert Flannigan has made his paper, Fraud on a Power, Improper Purpose and Fiduciary Accountability, available for download. This article was published as a part of the Canadian Business Law Journal. The abstract of this article, available on SSRN, reads as follows:
There is a functional difference between fiduciary accountability and the fraud on a power and improper purpose doctrines. The function of the latter two doctrines is to regulate the exercise of authority. Fiduciary accountability, in contrast, regulates opportunism in limited access arrangements. That said, the regulation of authority extends to personal conflicts and benefits that are not authorised. The three doctrines thus are linked in the sense that they may have concurrent, but distinct, application to actions that potentially compromise undertakings to act in the interest of others.
To see full article, click Fraud on a Power, Improper Purpose and Fiduciary Accountability.
Posted by Katie Thompson, Assistant Editor of the Wealth Strategies Journal.