Self-Dealing
/ˌselfˈdiːlɪŋ/
Definitions
- (n.) The act by a fiduciary, such as a corporate officer or trustee, of engaging in a transaction that benefits oneself at the expense of the principal or beneficiaries.
The director was accused of self-dealing when he awarded contracts to his own company without disclosing his interest.
Related terms
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Commentary
Self-dealing typically violates fiduciary duties and triggers strict scrutiny; clear disclosure and approval processes are critical to mitigating legal risks.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.