Proposed US DoL rules on ESG ignore duty of impartiality
Fiduciary duty principles must be adaptive to change and the US has fallen behind. The authors argue that a more comprehensive application of fiduciary duty principles in the US is necessary to protect the life savings of ERISA plan participants. In particular impartiality is important for pension plans.
Keith Johnson, Susan Gary and Tiffany ReevesFebruary 9, 2022