Is a fiduciary officer permitted to enter into an engagement where he has a personal interest?
British Columbia, Canada
The following excerpt is from Coastal Contacts Inc. v. Muhlbach, 2010 BCSC 1415 (CanLII):
Similarly, in Davis v. Kerr (1890),1890 CanLII 50 (SCC), 17 S.C.R. 235 at 246, Taschereau J. (for the court) stated: [N]o one having duties of a fiduciary character to discharge shall be allowed to enter into engagements or to assume functions in which he has or can have a personal interest conflicting or which possibly may conflict with the interest of those he is bound to protect...
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