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“The concept of fiduciary duty is organic, not static. It will continue to evolve as society changes, not least in response to the urgent need for us to move towards an environmentally, economically and socially sustainable financial system.”
Paul Watchman (Honorary Professor, School of Law, University of Glasgow)
Fiduciary (fɪˈdjuːʃiːəriː) A legal obligation of one party to act in the best interest of another. The obligated party is typically a fiduciary, that is, someone entrusted with the care of money or property. Also called fiduciary obligation.
Most of us would like to think that people taking important decisions – ones that affect our lives deeply – would be basing their judgement on deep criteria. We hope that they are being reasonable and rational, balancing long-term and short term, what is fair and what is equitable etc. What many might suspect, however, is that decision-maker’s logic is more ruled by the economics of the situation and the budget covering just the domain of their decision. Indeed, many social experiments like the Stanford Prison Experiment show how authority and social pressure alter decision making. Of course economics are important but should they be the trump card that overrules compassion, equity, decency and plain common sense? Continue reading “Explainer: A safe and dignified house for humanity”
Invitation to Webinar!Host: Invest in Peace http://investinpeace.tssef.se
Theme: Where climate-friendly farmers need investment
Objectives: To hear progress from India involving some 20,000 farmers with achieving climate and friendly food production – bringing functioning soils, carbon mitigation and food security
Replay: Follow this link Continue reading “Webinar replay: helping farmers help us towards sustainability”