The tension between private and public actors that has arisen due to states entering global
governance of responsible investment, implies that private actors might choose to disregard public policy in favour of their own ‘expert knowledge’. This can have serious implications for the compliance of any regulatory frameworks that might build as a response to the ‘inevitable policy response’. This implication needs to be studied further. As does the idea set in this thesis, that the traditional short-term economic thinking as well as the narrow approach to fiduciary duty, are both incapable of upholding the principle of ‘do no harm’. Moreover, the tension of states being
regulators, and the private industry being the one with the expert knowledge, can create an
interesting case on private involvement in public regulation, and whether or not states would rather build their own knowledge-bank or involve the ‘compliantees’ of regulation.
For policy makers, the recommendations of this thesis is to build a rapport and trust with the actors, whose position in the global governance have long since been established. On top of this, there must be a legal framework to emphasise the due diligence responsibilities of investors to ensure their assets do no harm.
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