Rethinking 'Political' Considerations in Investment

27 Pages Posted: 20 Jan 2021

Date Written: Sepember 12, 2016

Abstract

This is a transcript of my remarks as 2016 Visiting Scholar in Corporate and Business Law at Delaware Law Widener University, delivered to the members of the Delaware Judiciary and Bar at the Wilmington Club on September 12, 2016. I introduce the idea of multipreference shareholders whose interests may at times depart from maximizing returns, and I address the question more generally on taking so-called "political" considerations into account when making investment decisions. I argue that political pressures are increasing in the investment world "everywhere at the same time."

Keywords: shareholders, ESG, investment, fiduciary duty, multipreference shareholders, governance, corporate governance, portfolio, social responsibility, sovereign wealth funds, pension funds, union funds

JEL Classification: G11, G30, G32, K22

Suggested Citation

Webber, David H., Rethinking 'Political' Considerations in Investment (Sepember 12, 2016). Available at SSRN: https://ssrn.com/abstract=3736936 or http://dx.doi.org/10.2139/ssrn.3736936

David H. Webber (Contact Author)

Boston University School of Law ( email )

765 Commonwealth Avenue
Boston, MA 02215
United States
617-358-6194 (Phone)

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