Hints and tips:
...Advisers have a fiduciary duty to put client interests first at all times. Brokers must recommend products that are in a client’s best interest, but they do not have ongoing responsibilities....
...In some cases, when anti-ESG and boycott laws passed, public pension fund trustees balked at being forced to move money, saying it would violate their fiduciary duty to put investors first....
...The vast majority of them will never have a contract or fiduciary duty dispute of any significance, and irritating shareholders with a forum-shopping gambit is almost certainly not worth it....
...Bob Campion, senior portfolio manager with Charles Stanley Fiduciary Management, an adviser in LDI funds, said it was “reviewing all our managers . . . as part of our standard rigorous due diligence process...
...However, it could also force investors and corporate leaders to rethink their relationship with the government on cyber issues — and their concept of fiduciary duty in a free-market system....
...UTA’s complaint — which has been seen by the Financial Times — alleges “constructive fraud” and breach of fiduciary duties among other allegations....
...“Peltz, with his considerable experience on other boards and fiduciary duties owed to a large shareholding group, appears best positioned to bring a shareholder perspective to the board.”...
...BlackRock has attributed its decision to the potential conflict between the aim of CA100+ to get companies to decarbonise and its own fiduciary duty to prioritise economic returns, at least for those clients...
...For institutional investors with a fiduciary duty to invest in the best interests of our clients, dual-class share structures significantly dilute our ability to exercise our obligations....
...The divestment campaign foundered in Kentucky, where pension officials said moving billions of dollars out of BlackRock and other firms that use ESG factors would violate their fiduciary duty to maximise...
...A person might have strong opinions about whether Delaware courts are more rigorous around corporate governance standards and fiduciary duty as applied to Cult-of-Personality stocks than those in Texas....
...Pilot’s put right [its right to sell shares] has not only made litigation inevitable, but also made clear that Berkshire and the board defendants will not commit to honour their contractual obligations and fiduciary...
...“The decision demonstrates that Delaware’s historic role in overseeing the exercise of fiduciary duties is alive and well — perhaps better than it has been in some time”....
...This study will strengthen the case of investment firms that contend it is part of their fiduciary duty to consider gender representation and other social factors in the investment process....
...The board believed it had a fiduciary duty to get the best price even if the winning buyer came from abroad....
...“They feel they have inherited the fiduciary duty on behalf of the fund investors, so they are continuing to try to reclaim the money,” said a person with knowledge of UBS’s approach to the case....
...In a recent note, Houchois at Jefferies criticised Musk’s “cavalier attitude towards governance and fiduciary duties”, a record of “misallocating his own capital” and “questionable strategic and product...
...[it loses] a lot of credibility,” said the shareholder, who asked not to be named: “We believe the board has a fiduciary [duty] to also weigh what is the price they could achieve today from a strategic buyer...
...“Private equity and hedge funds have a fiduciary responsibility to hire consultants and show that they’ve conducted due diligence....
...The activist investor Donerail Group, which has taken a 2 per cent stake in Stratasys, has described the company’s resistance to the 3D Systems and Nano bids as “fiduciary negligence” and “unconscionable...
...We believe that the transaction with Rithm substantially undervalues the Company and penalizes all shareholders for the Board of Director’s breaches of fiduciary duty and the lack of proper oversight that...
...Republican state officials have pulled more than $4bn of government pension and treasury funds from the firm on the grounds that it is “boycotting” fossil fuel companies or putting social concerns ahead of its fiduciary...
...Woke Inc is under attack. Battle lines have been drawn in America’s latest culture war, with Ron DeSantis, Florida’s governor, its general....
...We are a fiduciary. We put our clients’ interests first.” (Brooke Masters) Smart read If a company pollutes a town, does it need to clean up the mess after it leaves?...
...Bluebell’s letter called voting choice “a clear sign of BlackRock’s capitulation of its obligation to exercise its fiduciary duties and little more than a cute commercial tool”....
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