How do fiduciary responsibilities relate to mission-based investing?
For a fiduciary, every aspect of stewardship must meet the standards of care the law prescribes. Mission-based investing is not an exception to the rule. Put differently, mission-based investing requires the same attention to process as any other investment management decision. In outline, what are the formal steps from proposal to adoption? A typical case would include the steps described below. However, every situation is different. (For example, we assume in our discussion that a board’s investment committee will play an important role. Some boards do not have one.
