1. IR@IIMC
  2. Artha
  3. 2021, Volume 7
  4. Issue 3, December 2021
Please use this identifier to cite or link to this item: https://ir.iimcal.ac.in:8443/jspui/handle/123456789/3932
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dc.contributor.authorBhattacharyya, Asish K-
dc.date.accessioned2022-09-02T06:26:09Z-
dc.date.available2022-09-02T06:26:09Z-
dc.date.issued2021-12-
dc.identifier.urihttps://ir.iimcal.ac.in:8443/jspui/handle/123456789/3932-
dc.descriptionBiosketch: Section 166(2) of the Companies Act 2013 creates an impression that the new Companies Act has extended the board’s fiduciary duties to all the stakeholders. This view is further strengthened as the Environmental, Social, and Governance (ESG) investment is gathering momentum. This article examines the issue. It concludes that the board has a fiduciary relationship only with the company (collective of shareholders) and not to any particular stakeholder group. However, section 166(2) and ESG investment require significant change in board composition and role.en_US
dc.description.abstractAsish K Bhattacharyya is a Distinguished Professor at Shiv Nadar University and founder of Nonlinear Insights. He was a Professor at the Indian Institute of Management Calcutta and the Indian Institute of Corporate Affairs. Besides, he was Director of the Institute of Management Technology Ghaziabad and the Head of the School of Corporate Governance, Indian Institute of Corporate Affairs. Dr. Bhattacharya started the Centre for Corporate Governance at IIM Calcutta. He was a regular columnist for Business Standard from 2008 to 2020. He is also on the editorial board of A₹thaen_US
dc.language.isoen_USen_US
dc.publisherThe Financial Research and Trading Laboratory (FRTL), IIM Calcuttaen_US
dc.subjectCompany structureen_US
dc.subjectShareholderen_US
dc.subjectEnlightened Stakeholder Value (ESV)en_US
dc.subjectInvestmenten_US
dc.subjectBoard Composition Disclosureen_US
dc.subjectNASDAQen_US
dc.subjectSustainability standardsen_US
dc.subjectClassic Socially Responsible Investing (SRI)en_US
dc.subjectEnvironmental, Social, and Governance (ESG)en_US
dc.titleBoard’s Fiduciary Duties – To Shareholders or All Stakeholders? Examination of Section 166 (2) of the Companies Act 2013en_US
dc.typeArticleen_US
Appears in Collections:Issue 3, December 2021

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