FairPensions - a charity established to promote responsible investment practices by pension providers and fund managers - last year published a report titled Protecting our best interests: rediscovering fiduciary obligation (here, pdf), in which it called for a fundamental review of the fiduciary obligations of investors and recommended the introduction of a provision parallel to section 172 of the Companies Act 2006 for institutional investors. Last week a follow up report was published, in which this recommendation was further explored and refined: see here (pdf).
Monday, 19 March 2012
UK: the enlightened shareholder -clarifying investors' fiduciary duties
FairPensions - a charity established to promote responsible investment practices by pension providers and fund managers - last year published a report titled Protecting our best interests: rediscovering fiduciary obligation (here, pdf), in which it called for a fundamental review of the fiduciary obligations of investors and recommended the introduction of a provision parallel to section 172 of the Companies Act 2006 for institutional investors. Last week a follow up report was published, in which this recommendation was further explored and refined: see here (pdf).
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