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2 - Social Wealth Creation

Published online by Cambridge University Press:  11 September 2020

JC de Swaan
Affiliation:
Princeton University, New Jersey
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Summary

A traditional perspective on the responsibility of finance professionals would hold that being a diligent fiduciary fulfills all of one’s professional and moral obligations since those are inherently intertwined. The industrious practice of a profession, trade, or art embodies moral behavior. Consequently, for a finance professional, as for any type of professional service provider, being a good fiduciary is the fulfillment of professional responsibility. However, I will contend that being a good fiduciary doesn’t automatically lead one to contribute to society. It simply entails faithfully delivering on the set of responsibilities entrusted by a client. The underlying financial activity matters because it can have a positive or negative impact on other people, independent of its impact on the client.

Type
Chapter
Information
Seeking Virtue in Finance
Contributing to Society in a Conflicted Industry
, pp. 68 - 138
Publisher: Cambridge University Press
Print publication year: 2020

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  • Social Wealth Creation
  • JC de Swaan, Princeton University, New Jersey
  • Book: Seeking Virtue in Finance
  • Online publication: 11 September 2020
  • Chapter DOI: https://doi.org/10.1017/9781108561815.004
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  • Social Wealth Creation
  • JC de Swaan, Princeton University, New Jersey
  • Book: Seeking Virtue in Finance
  • Online publication: 11 September 2020
  • Chapter DOI: https://doi.org/10.1017/9781108561815.004
Available formats
×

Send book to Google Drive

To send content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about sending content to Google Drive.

  • Social Wealth Creation
  • JC de Swaan, Princeton University, New Jersey
  • Book: Seeking Virtue in Finance
  • Online publication: 11 September 2020
  • Chapter DOI: https://doi.org/10.1017/9781108561815.004
Available formats
×