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these reforms is through state law fiduciary duties. My article demonstrates how state courts have started to enforce the … governance mandates under the reforms through fiduciary duties. Specifically, in my article I examine the watershed Disney case … shareholder expectations in fiduciary duty law, thereby making directors more responsive to the shareholders who elected them …
Persistent link: https://www.econbiz.de/10013159190
that are typical of independent directors in diffuse ownership, such as the hiring and firing of managers and the setting …
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— so the claim. Similarly, mutual fund managers with heterogenous portfolios would violate their fiduciary duty to act in ….These results establish that even if a violation of fiduciary duty could be formally established in a legal sense when firm managers … ownership claims that the reported effects, if true, would imply that corporate executives violate their fiduciary duty: whereas …
Persistent link: https://www.econbiz.de/10012911211
. At the same time, however, confusion abounds about the intersection of fiduciary principles and ESG investing. This … fiduciary law generally prohibits collateral benefits ESG, but risk-return ESG can be permissible if supported by a reasoned and …
Persistent link: https://www.econbiz.de/10012427110
asset managers, when applying an expected standard of fiduciary duty, will conclude that such strategies are not consistent … place to 1.5oC, we explore the implications for asset managers, as fiduciaries, of investing in line with a climate scenario … fiduciary duty and real-world efficacy at combatting climate change. We find that the more likely a strategy is to deliver real …
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A core element of most analyses of how capitalism is failing us is the shareholder primacy doctrine that has taken hold of corporate law and corporate governance. The doctrine has been developed in theory (among others through the agency theory) and practice (e.g. executive remuneration and...
Persistent link: https://www.econbiz.de/10012837153
Board evaluation can provide a vital tool for directors to review and improve their performance. This will eventually lead to significant value creation opportunities for firms. But is increased regulation and regulatory guidance requiring board evaluation a realistic or sensible move? Is it...
Persistent link: https://www.econbiz.de/10012910675