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An Appraisal Of Socially Responsible Investments And Implications For Trustees And Other Investment Fiduciaries, Paul U. Ali, Martin Gold
An Appraisal Of Socially Responsible Investments And Implications For Trustees And Other Investment Fiduciaries, Paul U. Ali, Martin Gold
Faculty of Commerce - Papers (Archive)
This paper examines the suitability for trustees and other investment fiduciaries of the class of investments known variously as "socially responsible", "ethical", "screened", "social" or "sustainable" investments, in the context of the legal duties imposed on fiduciaries to invest the fund entrusted to them in a prudent manner. The paper is intended to provide trustees and investment fiduciaries with the legal tools for appraising socially responsible investments, a task fraught with difficulties given the political sensitivities and controversies associated with such investments. An estimated $1.9 billion has been invested according to socially responsible investment r'SRI") strategies by Australian managed investment …