The Fiduciary Duty Explainer

Explain the fiduciary and legal duties at play in this role/decision.

The role: [DIRECTOR / OFFICER / TRUSTEE / MANAGER]
The situation/decision: [DESCRIBE]

Explain, in plain terms:
1. The core duties owed (care, loyalty, good faith) and to whom
2. What each duty requires in this specific situation
3. Where the decision could breach a duty
4. How to make and document the decision to meet the duties
5. When personal liability could arise

Be clear this is general orientation, not legal advice — the specifics
and jurisdiction matter enormously and I must confirm with counsel. Tell
me plainly if this situation looks like it needs a lawyer now.