FAQs / What are fiduciary duties? Directors have a fiduciary duty to their company whereby they must be loyal to the company and must act honestly and in good faith when exercising their powers. Posted in: Company Statutory Compliance FAQs Suggested Readings What are Company directors’ responsibilities? Are the directors required to maintain proper accounting records? How often is it required for directors to hold Board Meetings? How does the director convene a shareholders’ meeting?