Mussell, Helen  ORCID: https://orcid.org/0000-0001-7581-9713
2019.
Elucidating limited shareholder engagement: identifying ethical and epistemological factors in the fiduciary.
[Working Paper].
Cambridge:
Centre for Business Research, Judge Business School, Cambridge University.
Available at: https://www.jbs.cam.ac.uk/wp-content/uploads/2023/...
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Abstract
The legal concept of fiduciary, from the Latin fīdūcia meaning trust, plays a fundamental role in all financial and business organisations: it acts as a moral safeguard of the relationship between trustee and beneficiary, ensuring that the beneficiaries' best interests are met. It is often referred to as a duty of care. This paper focuses on the ethics of the fiduciary, but from a unique and historical perspective, going back to the original formulation of the fiduciary within a familial context, to reveal not only why care plays a central role in the fiduciary, but to also uncover key foundational presuppositions regarding agential capabilities embedded in the trustee-beneficiary relationship. In doing so, the paper uncovers ethical issues of an epistemological kind at the core of the fiduciary. By using Miranda Fricker's theory of pre-emptive testimonial injustice, the analysis helps shed light on shareholder activism and explains limited engagement to date.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Date Type: | Published Online |
| Status: | Unpublished |
| Schools: | Business (Including Economics) |
| Subjects: | B Philosophy. Psychology. Religion > B Philosophy (General) B Philosophy. Psychology. Religion > BJ Ethics H Social Sciences > HB Economic Theory |
| Publisher: | Centre for Business Research, Judge Business School, Cambridge University |
| Date of First Compliant Deposit: | 21 February 2024 |
| Last Modified: | 21 Feb 2024 14:17 |
| URI: | https://orca.cardiff.ac.uk/id/eprint/166203 |
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