UK’s ShareAction publishes draft bill for responsible investment law
From www.ipe.com |Published 16 July 2014
by Jonathan Williams
Campaign group ShareAction has again called for the fiduciary duties of trustees to be enshrined into law, publishing a draft bill it says would achieve the goal.
The proposed Responsible Investment Bill is meant to “illustrate how specific policy proposals might be enacted”, according to the group, which argued responsible investment could secure environmental and societal benefits.
It said the bill aimed to clear any obstacles “real or perceived” to long-term investment.
“It is envisaged that the whole package of primary and secondary legislation would come into force on the same date – a Responsible Investment Day,” the group added.