What does Rhadamanthine mean?
What does Rhadamanthine mean?
rigorously strict or just
What does saturnine mean?
1 : born under or influenced astrologically by the planet Saturn. 2a : cold and steady in mood : slow to act or change. b : of a gloomy or surly disposition. c : having a sardonic aspect a saturnine smile.
What means stringent?
1 : tight, constricted. 2 : marked by rigor, strictness, or severity especially with regard to rule or standard stringent decontamination procedures.
What is another word for stringent?
Frequently Asked Questions About stringent Some common synonyms of stringent are rigid, rigorous, and strict. While all these words mean “extremely severe or stern,” stringent suggests severe, tight restriction or limitation.
What do prudent mean in the Bible?
wise or judicious in practical affairs; sagacious; discreet or circumspect; sober.
What is prudent behavior?
prudent Add to list Share. Describe an action as prudent if it is the wise thing to do under the existing circumstances. If you’re getting in trouble, it is probably prudent to keep your mouth closed and just listen. If you show good and careful judgment when handling practical matters, you can be described as prudent.
How can I be a prudent person?
A person becomes prudent by learning to distinguish what is essential from what is non-essential, to set the right goals and to choose the best means of attaining them. The virtue of prudence directs all the other virtues. For prudence is the ability to recognize what is right.
Which best describes the prudent person rule?
What Is the Prudent-Person Rule? The prudent-person rule is a legal principle that is used to restrict the choices of the financial manager of an account to the types of investments that a person seeking reasonable income and preservation of capital might buy for his or her own portfolio.
What is the difference between prudence and wisdom?
Wisdom and prudence are the two virtues of the intellect. Wisdom implies intuitive reason, which grasps undemonstrable first principles; it is concerned with the interests not of the moment, the individual, or the locality. Whereas prudence is concerned precisely with these; it is essentially practical.
What is the reasonable prudent person standard?
A reasonably prudent person is an individual who uses good judgment or common sense in handling practical matters. The actions of a person exercising common sense in a similar situation are the guide in determining whether an individual’s actions were reasonable.
What is a fiduciary arrangement?
A fiduciary is a person or organization that acts on behalf of another person or persons, putting their clients’ interest ahead of their own, with a duty to preserve good faith and trust. Being a fiduciary thus requires being bound both legally and ethically to act in the other’s best interests.
Does a fiduciary get paid?
They do not earn commissions or trading fees so their compensation is independent of the investments they recommend. Fiduciaries must be fee-only or fee-based. Non-fiduciaries can be commission-based or fee-based. The commission structure opens the door to conflicts of interest between advisors and their clients.
Who has fiduciary duty?
The person who has a fiduciary duty is called the fiduciary, and the person to whom the duty is owed is called the principal or the beneficiary. If the fiduciary breaches the fiduciary duties, he or she would need to account for the ill-gotten profit.
Is a CEO a fiduciary?
Fiduciary Duties Both the board of directors and the CEO of a small business have a fiduciary responsibility to the business’s shareholders. The fiduciary duties are legal concepts that form the basis of a CEO’s legal relationship with his company’s owners.
Can a shareholder be a CEO?
But CEOs also work for someone else — they are accountable to the board of directors of their company and, in publicly traded companies, their shareholders. But these job titles are not mutually exclusive — CEOs can be owners and owners can be CEOs. And CEOs are not always accountable to a board of directors.
Is a CEO an agent?
Understanding the Principal-Agent Problem For example, a company’s stock investors, as part-owners, are principals who rely on the company’s chief executive officer (CEO) as their agent to carry out a strategy in their best interests. The principal is generally the only party who can or will correct the problem.
What is the penalty for breach of fiduciary duty?
What is the penalty for breach of fiduciary duty? The most common penalties for a breach of fiduciary duty are compensatory damages, punitive damages, double or treble damages, fees, costs, and removal of the fiduciary.
What is fiduciary duty of care?
The duty of care stands for the principle that directors and officers of a corporation in making all decisions in their capacities as corporate fiduciaries, must act in the same manner as a reasonably prudent person in their position would.