Fiduciary Law and Responsible Investing

In Nature’s trust

Nonfiction, Reference & Language, Law, Securities, Business, Environmental
Cover of the book Fiduciary Law and Responsible Investing by Benjamin J. Richardson, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Benjamin J. Richardson ISBN: 9781135941130
Publisher: Taylor and Francis Publication: August 21, 2013
Imprint: Routledge Language: English
Author: Benjamin J. Richardson
ISBN: 9781135941130
Publisher: Taylor and Francis
Publication: August 21, 2013
Imprint: Routledge
Language: English

This book is about fiduciary law’s influence on the financial economy’s environmental performance, focusing on how the law affects responsible investing and considering possible legal reforms to shift financial markets closer towards sustainability. Fiduciary law governs how trustees, fund managers or other custodians administer the investment portfolios owned by beneficiaries. Written for a diverse audience, not just legal scholars, the book examines in a multi-jurisdictional context an array of philosophical, institutional and economic issues that have shaped the movement for responsible investing and its legal framework. Fiduciary law has acquired greater influence in the financial economy in tandem with the extraordinary recent growth of institutional funds such as pension plans and insurance company portfolios. While the fiduciary prejudice against responsible investing has somewhat waned in recent years, owing mainly to reinterpretations of fiduciary and trust law, significant barriers remain.

This book advances the notion of ‘nature’s trust’ to metaphorically signal how fiduciary responsibility should accommodate society’s dependence on long-term environmental well-being. Financial institutions, managing vast investment portfolios on behalf of millions of beneficiaries, should manage those investments with regard to the broader social interest in sustaining ecological health. Even for their own financial self-interest, investors over the long-term should benefit from maintaining nature’s capital. We should expect everyone to act in nature’s trust, from individual funds to market regulators. The ancient public trust doctrine could be refashioned for stimulating this change, and sovereign wealth funds should take the lead in pioneering best practices for environmentally responsible investing.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book is about fiduciary law’s influence on the financial economy’s environmental performance, focusing on how the law affects responsible investing and considering possible legal reforms to shift financial markets closer towards sustainability. Fiduciary law governs how trustees, fund managers or other custodians administer the investment portfolios owned by beneficiaries. Written for a diverse audience, not just legal scholars, the book examines in a multi-jurisdictional context an array of philosophical, institutional and economic issues that have shaped the movement for responsible investing and its legal framework. Fiduciary law has acquired greater influence in the financial economy in tandem with the extraordinary recent growth of institutional funds such as pension plans and insurance company portfolios. While the fiduciary prejudice against responsible investing has somewhat waned in recent years, owing mainly to reinterpretations of fiduciary and trust law, significant barriers remain.

This book advances the notion of ‘nature’s trust’ to metaphorically signal how fiduciary responsibility should accommodate society’s dependence on long-term environmental well-being. Financial institutions, managing vast investment portfolios on behalf of millions of beneficiaries, should manage those investments with regard to the broader social interest in sustaining ecological health. Even for their own financial self-interest, investors over the long-term should benefit from maintaining nature’s capital. We should expect everyone to act in nature’s trust, from individual funds to market regulators. The ancient public trust doctrine could be refashioned for stimulating this change, and sovereign wealth funds should take the lead in pioneering best practices for environmentally responsible investing.

More books from Taylor and Francis

Cover of the book Global Cities, Governance and Diplomacy by Benjamin J. Richardson
Cover of the book The Pontificate of Clement VII by Benjamin J. Richardson
Cover of the book The Perverse Organisation and its Deadly Sins by Benjamin J. Richardson
Cover of the book Rational Landscapes and Humanistic Geography by Benjamin J. Richardson
Cover of the book Concert Life in Eighteenth-Century Britain by Benjamin J. Richardson
Cover of the book Intellectual Property Branding in the Developing World by Benjamin J. Richardson
Cover of the book Urban Poverty in the Global South by Benjamin J. Richardson
Cover of the book New Media, Politics and Society in Israel by Benjamin J. Richardson
Cover of the book The Ship of Sulaiman by Benjamin J. Richardson
Cover of the book Cultural Intimacy by Benjamin J. Richardson
Cover of the book Working to Learn by Benjamin J. Richardson
Cover of the book Women, Girls, and Addiction by Benjamin J. Richardson
Cover of the book Thinking Arabic Translation by Benjamin J. Richardson
Cover of the book Science Journalism by Benjamin J. Richardson
Cover of the book Economies of Network Industries by Benjamin J. Richardson
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy