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Triple bottom-line investing is consistent with fiduciary responsibilities from a portfolio investment diversification perspective for several reasons.
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The trustees thought that was the end of their fiduciary responsibilities.
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On Monday, a court-created Independent Review Board expelled Carey from the Teamsters for life for bringing reproach on the union and failing in his fiduciary responsibilities.
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From a legal point of view, Mr Cox says, a case could be made that pension funds and other institutional investors are violating their fiduciary responsibilities when they do not try to get their money.
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While this is a common problem among traders, I see a similar trait playing out across our great land in the Human Resource departments and Investment Committees that are indirectly responsible for the fiduciary responsibilities of a vast majority of retirement plans and pensions.
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Such a board of directors is elected by shareholders and is charged with fiduciary and legal responsibilities to govern the corporation including the hiring and firing of the CEO.
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While legal practitioners, for the reasons discussed above, are inclined to leave well enough alone and allow the Shariah scholars and authorities sole access to this black box, professional and fiduciary duties and responsibilities do not permit such a hands-off approach.
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Below are the five major responsibilities of a fiduciary.
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The movement for corporate social responsibility is in direct opposition, in such cases, to the movement for better corporate governance, which demands that managers fulfill their fiduciary duty to act in the shareholders' interest or be relieved of their responsibilities.
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