Source: Commons Trusts (at Global Commons Trust.)

In Wikipedia, the Fiduciary page explains the fiduciary responsibilities (italic phrases, added to commons trust definition by Global Commons Trust).

A commons trust is a legal entity (in the role of the fiduciary) responsible for protecting a shared asset that is inherited from past generations, or is presently being created, on behalf of current and future generations (persons in a position of vulnerability, the principals).
Because the shared asset is common property — held in trust and not owned by anyone — the commons are insulated from any claims by private individuals, business, government or other trusts, and the fiduciary duty is the highest standard of care at either equity or law.

Check out Commons Trusts for answers to these questions:

  • How were commons managed in the past?
  • Is the commons trust a new concept?
  • How does a commons trust function?
  • Are there differences in the way a commons trust manages depletable and replenishable commons?
  • How should a renewable commons be managed?
  • What is unique about Commons Trusts?
  • What is the role of the trustees who manage a Commons Trust?
  • Who are the beneficiaries of a Commons Trust?
  • How does a Commons Trust actually work?
  • Are there other ways of setting up trusts?
  • What are some examples of Commons Trusts?