The Elfenworks Center for the Study of Fiduciary Capitalism
Overview
Corporate Governance, Fiduciary Capitalism and Universal Owners
Economic Externalities
Norm Shifts
Sustainable Economic and Social Development
Fiduciary Responsibility and Sustainability
Fiduciary Responsibility and Sustainability
This concept of sustainability shares much in common with the idea of the fiduciary responsibility of universal owners based on their internalization of externalities, their proxy status for a general social interest, their increasing global investment reach and of their necessary concern with norm shifts. The links between fiduciary responsibility and sustainability are most significant in two regards: the externalities generated by firms especially of environmental externalities; and secondly, concerning norm shift issues (e.g. discrimination, labor relations, global regulatory standards). Both links have major equity issue implications.
