David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Ezio Di Nucci
Jonathan Jenkins Ichikawa
Jack Alan Reynolds
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Journal of Business Ethics 90 (4):549 - 560 (2009)
Socially responsible investing identifies the fiduciary duty and liability for financial advisors serving individual and institutional clients when consulting in the SRI space. This article first discusses the role of a fiduciary emerging from both a legal and an ethical basis. Further, the special aspects of maintaining fiduciary duty and minimizing fiduciary liability are described as they relate to SRI. A number of recommendations are discussed: legal, ethical, and practice. This study argues that prudence focuses more on the process of decisions rather than their outcomes, as measured exclusively by rate of return.
|Keywords||advisor fiduciary fiduciary duty fiduciary liability investment advisor socially responsible investing ethical investing|
|Categories||categorize this paper)|
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References found in this work BETA
Alexei M. Marcoux (2003). A Fiduciary Argument Against Stakeholder Theory. Business Ethics Quarterly 13 (1):1-24.
S. Prakash Sethi (2005). Investing in Socially Responsible Companies is a Must for Public Pension Funds – Because There is No Better Alternative. Journal of Business Ethics 56 (2):99 - 129.
Mark S. Schwartz, Meir Tamari & Daniel Schwab (2007). Ethical Investing From a Jewish Perspective. Business and Society Review 112 (1):137-161.
Citations of this work BETA
James J. Angel & Douglas McCabe (2013). Ethical Standards for Stockbrokers: Fiduciary or Suitability? [REVIEW] Journal of Business Ethics 115 (1):183-193.
Claire Woods & Roger Urwin (2010). Putting Sustainable Investing Into Practice: A Governance Framework for Pension Funds. [REVIEW] Journal of Business Ethics 92 (1):1 - 19.
Ji Yeon Han, Hyun Soon Park & Hyeonju Jeong (2013). Individual and Organizational Antecedents of Professional Ethics of Public Relations Practitioners in Korea. Journal of Business Ethics 116 (3):553-566.
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