Panel + Q&A (*Maximum 4 Panelists)

Is Fiduciary Duty being used as a crutch by both traditional and impact investors?

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“Using something as a crutch” means using it as a way to avoid something or making an excuse.  Both traditional and impact investors use fiduciary duty as a crutch for doing additional analysis or making decisions out investments that could honor people and planet.  Maniacal focus on maximizing return and minimizing risk at the expense of an individual’s or organization’s values and mission serves to violate the fiduciary duty of the advisor. While considering many other factors – geography, market capitalization, industry sector, correlation, momentum, and more – are deemed rational for a “prudent man,” considering environmental and social impact is often deemed as a violation of fiduciary duty.

Come explore the history of fiduciary duty, how it has evolved over time, and how to challenge your advisors, fund managers, and Investment Committees about what fiduciary duty means in your case.

“But to say that a man is a fiduciary only begins analysis; it gives direction to further inquiry. To whom is he a fiduciary? What obligations does he owe as a fiduciary? In what respects has he failed to discharge these obligations? And what are the consequences of his deviations from duty?” – Justice Felix FrankfurterSEC v. Chenery Corp., 318 U.S. 80, 85-86 (1943)

Confirmed Panelists

Emilie Cortes, CFO of Toniic and Treasurer of Compton Foundation – speaker and moderator

Supporting Materials

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