Cambridge Handbook of Institutional Investment and Fiduciary Duty

Cambridge Handbook of Institutional Investment and Fiduciary Duty

Waitzer, Edward J.; Hawley, James P.; Johnson, Keith L.; Sandberg, Joakim; Hoepner, Andreas G. F.

Cambridge University Press

07/2015

512

Mole

Inglês

9781107562080

15 a 20 dias

Covering recent changes and trends in the principles that govern institutional investors and fiduciaries, this comprehensive handbook offers new perspectives on the dynamics that drive the current emphasis on short-term investment returns. With multidisciplinary commentary from a range of scholars and practitioners, this is essential reading for policy-makers, researchers and students.
1. Introduction; Part I. Fiduciary Duty: A Global Outlook: 2. The public fiduciary - a Canadian perspective; 3. The basis of fiduciary duty in investment in the United States; 4. Governance and accountability in UK pension schemes; 5. Institutional investment and fiduciary duty in Australia; 6. The regulation of institutional investment in Sweden: a role-model for the promotion of responsible investment?; 7. The Dutch pension system; Part II. Fiduciary Duty and the Landscape of Institutional Investment: 8. The philanthropic fiduciary; 9. Paradigm lost: employment-based defined benefit plans and the current understanding of fiduciary duty; 10. Economically targeted investing: changing of the guard; 11. Institutional investment in the European Union Emissions Trading Scheme; 12. Have institutional fiduciaries improved securities class actions? A review of the empirical literature on the PSLRA's Lead Plaintiff Provision; 13. The future of fiduciary obligation for institutional investors; Part III. Challenging Conventional Wisdom on Fiduciary Duty: 14. Is the search for excessive alpha a breach of fiduciary duty?; 15. Fiduciary duty and sin stocks: is vice really nice?; 16. Whose risk counts?; 17. Sustainability, financial markets and systemic risk; 18. Uncertain times, plural rationalities and the pension fiduciary; 19. Emotional finance and the fiduciary responsibility of asset managers; Part IV. Towards a Broader Interpretation of Fiduciary Duty: 20. Fiduciary duty and the search for a shared conception of sustainable investment; 21. Pension fund fiduciary duty and its impacts on sustainable investing; 22. Reason, rationality and fiduciary duty; 23. Socially responsible investment and the conceptual limits of fiduciary duty; 24. Fiduciary duty at the intersection of business and society; 25. Challenging conventional wisdom: the role of investment tools, investment beliefs and industry conventions in changing our interpretation of fiduciary duty; Part V. Beneficiaries' Roles and Viewpoints: 26. The voice of the beneficiary; 27. Understanding the attitudes of beneficiaries: should fiduciary duty include social, ethical and environmental concerns?; 28. Operationalizing socially responsible investment: a non-financial fiduciary duty problem; 29. The preferences of beneficiaries: what can we learn from research on retail investors?; Part VI. Fiduciary Duty and Governance: 30. Investors and global governance frameworks: broadening the multi-stakeholder paradigm; 31. Investment fiduciaries, the role of the public corporation, and greater commitments to sustainability: signals from the corporate board; 32. Reporting and standards: tools for stewardship; 33. US corporate governance, fiduciary success and stable economic growth; 34. Fulfilling fiduciary duties in an imperfect world - governance recommendations from the Stanford Institutional Investor Forum; 35. Addressing the participation gap in institutional investment: an assessment framework and preliminary results; 36. The costs of fiduciary failure - and an agenda for remedy; Index.
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