Self-dealing

Definition

Action taken by a corporate fiduciary done for that person's personal gain, rather than for the benefit of the corporation. Examples include taking a corporate opportunity, using corporate funds as a personal loan or purchasing company stock based on inside information received through being in the position of a fiduciary. Self-dealing is a violation of the duty of loyalty.

See also

  • [[wex:Fiduciary duty]]
  • [[wex:Corporate opportunity]]