Which duty is a fiduciary required to uphold to their principal?

The duty that a fiduciary is required to uphold to their principal is to disclose all conflicts of interest. This obligation stems from the fiduciary's role, which is to act in the best interests of the principal. This includes providing transparent information about any potential conflicts that could influence decision-making or affect the relationship between the fiduciary and the principal.

Disclosing conflicts of interest ensures that principals are fully informed and can make decisions based on complete and honest information. This transparency fosters trust, which is essential in maintaining the integrity of the fiduciary relationship. A fiduciary must prioritize their principal’s interests and uphold ethical standards, which includes clear communication about anything that might affect their judgment or actions.

The other choices do not align with the fiduciary duties. For instance, maximizing personal profit directly contradicts the commitment to act in the principal's best interest. Limiting communication may hinder the fiduciary's duty to keep the principal informed and undermine the relationship. Acting independently of the principal could jeopardize the fiduciary's responsibilities, as it suggests a lack of consideration for the principal's needs and preferences.