fiduciary duty

Hedge Funds

What are a trustees legal obligations on climate change?

Maged Girgis, partner at Minter Ellison, points out the growing likelihood of legal challenge for trustee directors that ignore analysis and evidence of global warming in their investment decisions, but he says any decision to include or exclude carbon-intensive assets must be one that involves, analysis, deliberation and information gathering. Recently there has been an […]
Unintentional

Climate change: a fiduciary duty to act

There are many accounts about the severity of pollution that rapid industrialisation has brought to China, and one of the most striking is the example of not being able to see from one end of Tiananmen Square to the next owing to smog. This highlights the dangers that unchecked carbon emissions poses, but the government’s […]
Hedge Funds

One trustee, multiple funds

Managing conflicts of interest, setting rules for investment executives and thinking about what people want are part of Dick Morath’s fiduciary duty. Morath, a former chief executive of MLC’s retail and corporate fund businesses, influences how billions of dollars of Australians’ money is invested. He is a trustee of MLC Nominees, the board governing two […]