In this episode, Dan Watkins defines a fiduciary duty and what happens when a fiduciary duty is breached or violated.  When does the fiduciary duty begin?  What is a fiduciary required by law to do?  Dan Watkins provides many examples of those who legally owe a fiduciary duty to their client, business associate or other beneficiary.  This podcast discusses what is required to prove a breach of fiduciary duty, the defense of “the business judgement rule,” and civil consequences for breach of a fiduciary duty.