S0508: Fiduciary Duty of Care for Appointed Public Officials and Executive Officers

Legislative Summary

Establishing standards for the fiduciary duty of care for appointed public officials and executive officers of specified governmental entities; requiring the Department of Business and Professional Regulation to contract for or approve a training program or publish a list of approved training providers; authorizing training to be provided by in-house counsel for certain governmental entities; requiring appointed public officials and executive officers to certify their completion of the annual training, etc.