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The board’s fiduciary duties are the bedrock of corporate law. Bankruptcy trustees also owe fiduciary duties to the … “bankruptcy estate.” But corporations in bankruptcy rarely worry about fiduciary duties, even those corporations in chapter 11 … connected: the underdevelopment of corporate debtor’s fiduciary duties enables the abuses seen in modern chapter 11.I thus use …
Persistent link: https://www.econbiz.de/10014357645
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...
Persistent link: https://www.econbiz.de/10014360042
financially material ESG information, but uncertainty regarding proper fiduciary behavior of those who manage pensions persists … factors in their investment decision-making process.The article describes the fiduciary duties that apply to those who manage … making and attempts to dispel misunderstandings related to ESG and fiduciary duties. The article reviews DOL guidance from …
Persistent link: https://www.econbiz.de/10014361423
, the issue I address in this white paper is whether the fiduciary duties of a plan manager of an “employee pension benefit … BlackRock’s shareholder activism. This indirect approach is required as the fiduciary duties of ERISA do not generally extend to … mutual funds and ETFs and their investment advisors.This Article takes the position that a plan manager has a fiduciary duty …
Persistent link: https://www.econbiz.de/10014361900
development to examine whether fiduciary obligations should be imposed on core developers for the benefit of owners of assets …
Persistent link: https://www.econbiz.de/10014361936
fiduciary duty and real-world efficacy at combatting climate change. We find that the more likely a strategy is to deliver real …-world change in carbon emissions in line with the 1.5oC goal, the more likely it is to give rise to fiduciary concerns. Although … these fiduciary concerns are unlikely in most cases to give rise to enforceable legal liability, it is likely that many …
Persistent link: https://www.econbiz.de/10014238195
conflicts of interest, the Department of Labor proposed a rule in 2016 that would hold brokers to a fiduciary standard when … dealing with retirement accounts. We find that after the proposed fiduciary rule, sales of high-expense variable annuities …-expense products. Based on our structural model estimates, investor welfare improved as a result of the fiduciary rule under …
Persistent link: https://www.econbiz.de/10014238702
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