Thanks for that - indeed, I was using "fiduciary duty" in the context it's most frequently used - maximizing value accrued to stakeholders. However, to nitpick

Thanks for that - indeed, I was using "fiduciary duty" in the context it's most frequently used - maximizing value accrued to stakeholders. However, to nitpick your nitpick: for non-profits there might be no other party - just the mission. Imagine a non-profit whose mission is to preserve the history and practice of making 17th-century ivory cuff links. It's just the organisation and the mission; sometimes the mission is for the benefit of another party (or all of humanity).