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A lawsuit waiting to happen: ESG violates fiduciary duty

Por: The Hill Business July 02, 2023

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For decades, the concept of fiduciary duty has been a legal cornerstone of the asset management and investment world, because it basically ensures that fund managers have to act solely in the economic interest of plan beneficiaries, also known as shareholders. Fiduciary duty, as historically applied and practiced in the U.S., has been primarily concerned with maximizing investment returns on behalf of plan participants. However, with the rise of... + full article



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