Fiduciary duty: fantasy or fact?
In this challenging paper, Gordon Clark describes fiduciary duty as somewhat of a fantasy, because it looks to convention rather than forward to innovation in investment management.
In this challenging paper, Gordon Clark describes fiduciary duty as somewhat of a fantasy, because it looks to convention rather than forward to innovation in investment management.
As the G20 meeting looms, Sharan Burrow, general secretary of the International Trade Union Confederation (ITUC), told delegates at the Fiduciary Investors Symposium to stop acting as if fiduciary management existed in a bubble.
Reclaiming fiduciary duty balance between prudence, loyalty and impartiality is critical to sustaining pension promises, this article claims. It would encourage better alignment of pension service providers’ supply chain interests, adoption of fit-for-purpose pension fund governance practices, and implementation of precautionary risk management policies.
ESG, and more recently climate change, are now largely accepted in the investment process, and more importantly have passed the fiduciary duty test.
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