| Title | |
| The Fiduciary Duties of Institutional Investors in the 21st Century: Harmonizing Fiduciary Duty and ESG Investing | |
| Author | |
|
Chin-Ru (Eric) Chang |
|
| Keywords | |
| ESG Investing；Fiduciary Duty；Institutional Investor；Stewardship；Responsible Investing | |
| Public Information | |
| 13 NCTU L. REV., March 2024, at 1-60. | |
| Abstract | |
| As more and more capital flows into ESG-related investments, ESG in-vesting has become mainstream in recent years. Institutional investors, being the intermediary between the investors and companies, on one hand, have the shares to influence the company management decision-making; on the other hand, they have to respond to the needs of their clients. For this reason, insti-tutional investors play a central role in ESG investing. However, when institu-tional investors practice ESG investing, ESG issues may sometimes be priori-tized over investment returns. In such circumstances, tensions will arise be-tween the institutional investors’fiduciary duties and their practice of ESG investing. The relationship between fiduciary duty and ESG investing is there-fore a critical issue. This issue has been a topic of great academic interest internationally, but it has rarely been discussed in Tai-wan. To that end, this article aims to fill this gap in the academic literature. By discussing the contours of fiduciary duty and clarifying the relation between fiduciary duty and ESG investing, this article hopes to encourage more institu-tional investors to adopt ESG investing so that the goals of ESG investing can truly be achieved. This article also touches upon the potential revisions to the Taiwan Stewardship Princi | |
| Abstract | Article |
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