By Azish Filabi, J.D, M.A.
In the first of a series on ethical investing and corporate governance, Azish Filabi, the Executive Director of The Maguire Center for Ethics at the American College of Financial Services, discusses how investors are starting to look more like social activists in a new era of ethical investing. She discusses how the trend toward index investing enabled Engine No. 1, a small hedge fund, to wage a successful proxy fight against Exxon Mobil. Index investing has shifted investors’ focus to the long term, she notes, causing them to ask more questions about companies’ ESG and other long-range strategies. The result has been a convergence of activist investor, shareholder, and public interests, she finds.
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