Which fiduciary duty requires members to avoid gross negligence or intentional misconduct?

The duty that specifically requires members to avoid gross negligence or intentional misconduct is known as the duty of care. This fiduciary duty mandates that individuals in a position of trust and responsibility act with a certain standard of care, which includes making informed and diligent decisions in the best interest of the entity or individuals they represent.

Under the duty of care, members are expected to act as a reasonably prudent person would in similar circumstances, taking all necessary precautions to safeguard the interests of the organization or individuals involved. This means they should conduct thorough research, seek expert advice when necessary, and generally apply a high level of diligence in their actions.

In contrast, the duty of loyalty focuses on ensuring that the members do not engage in self-dealing or conflicts of interest that could harm the interests of the entity they serve. While both duties are crucial in establishing trust in fiduciary relationships, the duty of care specifically addresses the standard of performance and decision-making, hence its emphasis on avoiding negligence or misconduct. Other choices like fiduciary duty and member responsibility are more broad concepts that encompass various obligations, rather than focusing specifically on the performance standard linked to negligence or misconduct.