News + Events
Troutman group discusses socially responsible investing
Wealth Manager
September 28, 2009
Washington partner Merril Hirsh, Richmond associate Jeanne Floyd and Tysons Corner associate Tania Sebastian, along with fi360 chief executive officer Blaine Aikin, had their article “Managing the Risk and Responsibilities of SRI: Adherence to fiduciary principles can make socially-responsible investing a reality” published September 28 on
Wealth Manager, a business media publication Web site.
According to the article, “An SRI [socially responsible investing] strategy generally considers both an investor’s financial needs and an investment’s effect on society as a whole, and constitutes the commitment of money to gain a financial return in a manner that applies good judgment and sound thinking to matters that positively affect human welfare. Typically, investors who engage in SRI make investments in companies that seek to improve the environment, have reputable human rights and labor practices, and/or implement good corporate governance practices.
“Before offering SRI options as part of an investment strategy, however, trustees must carefully consider their fiduciary obligation to investors and the potential liability for a breach of this obligation due to the SRI option.” And it is this advice that is explored at length throughout the article.
Richmond partner and Compensation and Employee Benefits practice group leader Evelyn Traub, and Washington associate Jimmy Rock also were mentioned for their contributions to the article.
To read the article, click
here.