After decades of corporate leadership based on shareholder wealth maximization, momentum is now gathering behind a shift towards the recognition of stakeholder interests. However, from voluntary actions by business to changes in soft and hard law, the steps taken thus far have been insufficient...

Despite the omnipresence of the fiduciary in business organisations, there is an omission of theorisations of this legal concept within business ethics literature. This is surprising considering its widespread and embedded use, but even more so given that the presence of ethics within the...

For many people, a pension fund represents a crucial source of financial security in their retirement years. But have you ever stopped to consider who is responsible for managing these funds and ensuring they are safeguarded for future generations? In Zimbabwe, pension fund trustees play a...

The Digital Age is speedily transforming into the Algorithmic Age, where algorithms carry on or contribute to a significant number of important social, economic, and technical decision-making. Apart from platform dominance, private governance, and surveillance capitalism, private and public use...

The principle known as the ‘the rule in Hastings-Bass’ that has developed in first instance courts in England since 2000 is mistaken. Stating, as it does, a short list of conditions for when equity will interfere with a fiduciary's decision is not consistent with equity's conceptual...

Gil–Bazo and Ruiz–Verdú (2009) show that fund families strategically exploit the low performance sensitivity of investors, i.e., investors’ low elasticity of demand with respect to performance, to increase fund fees. Given that environmentally, socially and governance (ESG) focused...

Does enhanced legal accountability of non-director executives improve workplace safety? We exploit an exogenous increase in executive legal accountability triggered by Delaware Supreme Court’s 2009 “Gantler ruling” to address this question. In a difference-in-differences framework, we show...

Asset manager signatories of the Net Zero Asset Manager Initiative, part of the Glasgow Financial Alliance for Net Zero, have committed to investing in line with the Race to Zero goal of limiting global warming to 1.5oC with limited or no overshoot. Given that a recent report from United Nations...