Fiduciary Duty
topic on 3 shows · 9 statements across 9 episodes
Lenny's Podcast 
Capital Allocators 
20VC
9 statements about Fiduciary Duty, every show
Ries: Standard corporate charters legally bind boards to accept higher buyout offers
“According to the legal documents, you yourself signed your company's literal charter that you have right now, and this is not some hypothetical future thing you've already put in motion. A rule that says you have a fiduciary duty to say yes in this situation.”
Lewinsohn: Credit is governed strictly by contract law, not fiduciary duty
“In credit, that doesn't really exist. The way the law has worked is, it's a contract. It's not being analyzed under fiduciary duties law. It's not being analyzed under what the securities laws say about fiduciary duties. It's contract. What does the contract l…”
O'Driscoll: Low-Growth Public SaaS Boards Are Forced to Accept Buyouts
“When you're public and your stock is floating around nowhere at a low valuation, you're just very vulnerable to this. Someone comes into view, they are, you know, you're not growing quickly. They offer you a 50% premium and you get called in, but the board get…”
Lazarte: VC fiduciary duty ends at check writing to fully support founders
“And my fiduciary duty comes in at the moment where I write the check. It's like, I'm underwriting that person. It's like, hey, do I think this guy will be a good CEO? And once you're there, it's like, I'm just, I'm here to enable this guy. And like, even when …”
Salem: Asset managers cannot rigorously prioritize ESG while maintaining fiduciary duties
“I think there are some very conspicuous, visible actors running some of the largest asset management firms in the world that a few years ago Started to exalt and extol the virtues of ESG to an extent that even at the time, some of us could say, wait a minute, …”
Ries: Standard Silicon Valley incorporation articles compel selling to highest bidder
“Believe it or not, if you got, if you went to a fancy law firm and they filed for you the standard articles of incorporation that are used in Silicon Valley, most governance experts upon reading those documents would say you have a fiduciary duty to say yes.”
Dodson: Allocators cannot fulfill fiduciary duty without bias reduction
“And that mirror is asking folks to be accountable to the optimization and fiduciary duty that they've signed up for and realize that without bias reduction, that is not being met, and there needs to be a big investment in innovation and getting these tools rig…”
Cromwell: Integrating ESG data is increasingly recognized as a fiduciary duty
“This idea of embracing this information as a part of your fiduciary duty, not leaving it out of your investor toolkit, Is really, I think, coming to the fore across all of those.”
Fiduciary Duty Must Trump Political Divestment Mandates For Pension Managers
“Listen, we really need to separate the fiduciary duty and the political policy as it relates to health and dangerous products like cigarettes, because I can't really hold a manager accountable for beating the S&P 500 and then tell him he can't own one of the f…”