A Short Note on Fiduciary Duties

Lena G. Goldberg; Rebecca   Henderson; Amy W. Schulman

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Technical Note | HBS Case Collection | December 2019 (Revised January 2020)

A Short Note on Fiduciary Duties

by Lena G. Goldberg, Rebecca Henderson and Amy W. Schulman

Language: English

Format: Print

10 pages

Educators Purchase

Citation:

Goldberg, Lena G., Rebecca Henderson, and Amy W. Schulman. "A Short Note on Fiduciary Duties." Harvard Business School Technical Note 320-079, December 2019. (Revised January 2020.)

About the Authors

Lena G. Goldberg

Senior Lecturer of Business Administration

General Management

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Rebecca M. Henderson

John and Natty McArthur University Professor

General Management

Strategy

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View Publications »

Amy W. Schulman

Senior Lecturer of Business Administration

Technology and Operations Management

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View Publications »

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Goldberg, Lena G., Michael S. Kaufman, Greta Gerazimaite, Wilson Kyi, Robert McWatters, and Tuyee Yeboah. "Cameron Mitchell: The Conundrum of Charisma." Harvard Business School Case 319-079, December 2018. (Revised February 2020.) View Details

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This Note introduces the Module on Responsibilities to Customers taught in Leadership and Corporate Accountability, a required course in the Harvard Business School MBA program. The Note outlines the asymmetries inherent in the company-customer relationship and positions the economic, legal and ethical responsibilities of companies to their customers as ways of addressing these asymmetries.

Keywords: Customers; Corporate Accountability; Ethics; Legal Liability;

Citation:
Goldberg, Lena G. "Responsibilities to Customers." Harvard Business School Module Note 315-062, December 2014. (Revised February 2020.) View Details

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Should a Pension Fund Try to Change the World? Inside GPIF's Embrace of ESG

Rebecca Henderson, George Serafeim, Josh Lerner and Naoko Jinjo

In the fall of 2018, Hiro Mizuno, the Chief Investment Officer (CIO) of GPIF, the Japanese Government Pension Fund, was reflecting on his efforts to integrate Environmental, Social and Governance (ESG) issues into every aspect of GPIF’s portfolio. His efforts ranged from constructing new stock market indices based on ESG data, changing the compensation and incentives of active investment managers and passive funds, pushing for more corporate sustainability reporting and integrated reporting, and establishing collaborations with other asset owners to drive systems level change. He was convinced that the only way to meet his responsibilities to his beneficiaries was to improve the performance of the entire economy through a focus on improving corporate governance, increasing inclusion in the workplace and gender diversity and reducing environmental damage and progress towards tackling climate change. The early results from his efforts were promising, but was there more he could do?

Keywords: pension funds; ESG (environmental, social, governance) performance; Investment Funds; Environmental Sustainability; Social Issues; Governance; Leading Change; Economy; Performance Improvement; Japan;

Citation:
Henderson, Rebecca, George Serafeim, Josh Lerner, and Naoko Jinjo. "Should a Pension Fund Try to Change the World? Inside GPIF's Embrace of ESG." Harvard Business School Case 319-067, January 2019. (Revised February 2020.) View Details

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A Short Note on Fiduciary Duties

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