Two Saint Mary's professors are quoted in an article in Socialfunds.com about a report concerning the role of environmental, social and governance issues in investment decisions.
The article read, in part:
Jim Hawley, co-director with Andrew Williams of the Center for the Study of Fiduciary Capitalism at Saint Mary's College of California and co-author with Prof. Williams of The Rise of Fiduciary Capitalism, speaks in superlatives about the report's importance.
"The report is extraordinarily significant for a number of reasons -- first, it essentially flip-flops the conventional wisdom on fiduciary duty, completely turning it on its head," Prof. Hawley told SocialFunds.com. "Second, the fact this report was prepared by Freshfields -- the third largest law firm in the world, well known as a corporate fiduciary firm -- carries huge clout."