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Tuesday, October 11, 2022

Green job

From Wikipedia, the free encyclopedia

Green jobs (green-collar jobs, sustainability jobs, eco jobs or environmental jobs[1]) are, according to the United Nations Environment Program, "work in agricultural, manufacturing, research and development (R&D), administrative, and service activities that contribute(s) substantially to preserving or restoring environmental quality. Specifically, but not exclusively, this includes jobs that help to protect ecosystems and biodiversity; reduce energy, materials, and water consumption through high efficiency strategies; de-carbonize the economy; and minimize or altogether avoid generation of all forms of waste and pollution." The environmental sector has the dual benefit of mitigating environmental challenges as well as helping economic growth.

Green jobs, according to the U.S. Bureau of Labor Statistics, are classified as, "jobs in business that produce goods or services that benefit the environment or conserve natural resources" or "jobs in which workers' duties involve making their establishment's production processes more environmentally friendly or use fewer natural resources". The Bureau of Labor Statistics categorizes green jobs into the following: water conservation, sustainable forestry, biofuels, geothermal energy, environmental remediation, sustainability, energy auditors, recycling, electric vehicles, solar power, and wind energy.

These definitions include jobs which seek to use or develop renewable forms of energy (i.e. wind, hydropower, geothermal, wind, landfill gas and municipal solid waste) as well as increase their efficiency. Under the green jobs domain education, training, and public awareness are also included. These jobs seek to enforce regulations, support education, and increase public influence for the benefit of the environment.

By role

This list is not exhaustive, it lists some of the more common environmental jobs and also some of the jobs which have see the fastest recent growth.

Agricultural scientist

Specialise in agricultural productivity. They study commercial plants, animals and cultivation techniques in order to improve the productivity and sustainability of farms and agricultural industries and agricultural scientists have a higher-than-average proportion of full-time jobs and earnings are above average.

Climate change scientist

Research and present data on the structure and dynamics of our climate system. Currently there is scientific consensus from a number of American scientific societies that the earth's temperature is warming.

Conservation officer

Advance and ensure protection of the natural environment and resources via educating communities and encouraging involvement, and awareness. The growth of these jobs along with forester jobs in the US is predicted to be around 6 per cent (in line with average occupation growth) from 2016 to 2026.

Ecologist

Investigate ecosystems as a whole i.e. they investigate both the living and non-living components of the environment. They study the various animals and plants that live within an ecosystem and the relationship between the two.

Electric car engineer

Use science and maths to design and develop electric automobile technology. They then undertake evaluations with respect to measure the safety, efficiency, cost, reliability, and safety of these aforementioned designs. An Electric Car Engineer is just one of a number of possible jobs in the electric vehicle industry and this type of Engineer will work in teams with other types of Engineers to produce electric automobiles.

Environmental engineer

Examine and mitigate the effects of human and other activities on both the natural and built environment. This could include reducing pollution and protecting the air, water, soil, and humans from actions which may harm either them or the environment. According to CNBC, in 2018 across the world, this was one of the fastest growing environmental jobs. The University of Portland recently reported that they will add a clean energy technology minor to enable their environmental engineering graduates ‘compete in an expanding environmental job market’.

Environmental scientist

They examine the environment (for example by sampling the land, water, air or other natural resources) and develop policies and plans designed to prevent, control or reduce the harmful effects of human activity on the environment. Also one of the fastest growing environmental jobs in the world in 2018 according to CNBC.

Environmental consultant

Analyse and provide advice on policies and processes which guide the design, implementation and modification of either commercial or government environmental operations and programs. Environmental consultants are often employed to ensure environmental legislation is being adhered to during construction projects. Listed as one of the top ten fastest growing green jobs in Australia in 2018.

Environmental health officer

Measure risk and develop, oversee, implement and monitor legislation which governs public health for both the built and natural environment. Environmental health officers carry out these aforementioned duties to promote good human health and best practices environmentally. and. Also one of the fastest growing environmental jobs in Australia in 2018.

Environmental manager

Supervise the environmental performance of private companies and public institutions. They also formulate, execute and oversee environmental strategies that encourage sustainable development. An environmental manager can be employed by a single company to ensure any negative environmental impacts caused by their operation are minimised.

Forestry manager / forester

In a nutshell they are responsible for the cultivation of forests. Map out and lead the planting, growth, harvesting and conservation of forests for wood production. To ensure balance and sustainable development Foresters may become involved the production of multipurpose forests, sustainable forest management and the reforestation of native woodlands. The growth of these jobs along with conservation officer jobs in the US is predicted to be around 6 per cent (in line with average occupation growth) from 2016 to 2026.

According to the Food and Agriculture Organization of the United Nations, forests provide more than 86 million green jobs and support the livelihoods of many more people. An estimated 880 million people worldwide spend part of their time collecting fuelwood or producing charcoal, many of them women. Human populations tend to be low in areas of low-income countries with high forest cover and high forest biodiversity, but poverty rates in these areas tend to be high. Some 252 million people living in forests and savannahs have incomes of less than USD 1.25 per day.

Green building designers

Design buildings (they can be homes, offices, schools, hospitals, or any other type of building) that in their design, construction or operation, reduce or eliminate negative impacts, and can create positive impacts, on our climate and natural environment. They also try to reduce negative environmental impacts in terms of reducing the contributions to landfill.

Marine biologist

Analyse the interplay of marine life (animals and plants) with coastal areas and the atmosphere. and  Crucial today is their role in measuring the impact of climate change on our oceans and how much ocean acidification is present and potentially damaging our coral reef ecosystems.

Recycling worker

In a typical recycling plant (MRF), the workers are sort labourers, equipment operators, managers (various levels) and maintenance mechanics. Also included are drivers who collect the recyclate from residential, commercial, and non-hazardous industrial sources. Sort labourers 'clean' the stream at various stages of the mechanized sortation process to prevent equipment stoppages and produce bales acceptable to the remanufacturing sector depending on the commodity (metal, paper, cardboard, plastics, etc.). Equipment operators operate heavy equipment designed to help with processes around the plant. Typical equipment includes skid-steers (For cleaning up and moving large amounts of material to bale), forklifts (to move bales and containers of material to places within the plant collected from the sortation process). Managers typically manage the operations/sales and human resources of the MRF so the sortation process requiring sorters and equipment operators runs properly day to day. Maintenance mechanics work to ensure all equipment works properly (such as unjamming a conveyor or fixing electronic equipment associated with the sortation process).

Renewable energy engineer

Study how to best supply energy from renewable or sustainable sources of energy, such as wind energy, solar power wave energy and biofuels. They focus on ways of producing energy that are deemed to be safer for the environment. An energy engineer was listed as one of the fastest growing jobs in Australia in 2018.

Solar photovoltaic (PV) installers

Assemble and carry out the installation of solar panels on rooftops or other areas such as ground mounted solar panels. A growing industry for example, has seen job creation and on the job training by a non-profit called GRID Alternatives.

Urban grower / urban farmer

Responsible for growing food in a city or heavily populated town. Green roof tops can provide locally sourced foods that help protect the environment by reducing the use of pesticides, fossil fuels, and other resources which are often used to grow and transport food to market from larger commercial farms.

Water quality scientist

Ensure that minimum standards of water quality are met and that these standards ensure human safety and minimise harm to the natural environment. Water quality scientists ensure that these global standards and other compliance requirements are met in three areas - groundwater, surface water (lakes, rivers, ponds, etc.), and drinking water. "The fact that water is the lifeblood of our planet means that there are thousands of opportunities for environmental workers in this area".

Wind energy technician

Wind technicians install, inspect, maintain, operate and repair wind turbines. Wind technicians have the knowledge to identify and fix issues that could cause the turbine to be break or fail to operate as it should. Globally one of the fastest growing environmental jobs in 2017. The U.S. Department of Energy is working with six leading wind turbine manufacturers towards achieving 20 per cent wind power in the United States by 2030. However, the dropping number of students in power engineering programs in recent years means that, the labour requirements needed to facilitate this aim won't be met, unless this trend is reversed.

By country

Eco-innovation drives the creation of environmental jobs worldwide. It simultaneously increases labour productivity and wages while increasing energy and environmental production efficiency.

Australia

In 2018 Australia generated 21 per cent of its total power from renewables and this sector accounted for more than 20,000 jobs.

Brazil

According to the International Renewable Energy Agency (IRENA) in 2016, Brazil has 934,000 renewable energy jobs, the second highest in the world. While Brazil is the global leader in liquid biofuels with a total of 845,000 jobs, it also has 41,000 jobs in solar, 36,000 jobs in wind, and 12,000 jobs in small hydro power. A report produced by IRENA in 2018 showed Brazil to have the largest liquid biofuel workforce, an 893,000 workers in the overall renewable energy industry. In 2011, green employment accounted for 3.1 million jobs or 2.4 per cent of total employment in 2010 and 3.4 million jobs or 2.6 per cent of total US employment.

China

China currently produces the most Photovoltaic equipment worldwide and is the world's largest installation market. With respect to employment China accounted for about two thirds of PV employment worldwide, or some 2.2 million jobs in 2018. With respect to total jobs in the renewable energy sector as a whole the number for China was 3.8 million in 2017.

Germany

Was the leading installer of PV Capacity Installations. until overtaken by China, The United States, India and Japan. In 2018 Germany had 332,000 workers in the renewable energy sector overall.

Japan

The Thought Leadership Series by the Copenhagen Climate Council published a report in 2009, stating that Japanese solar PV manufacturers represent 26 per cent of the global market and that the solar industry is able to operate without dependence on subsidies. According to a report by the International Renewable Energy Agency, Japanese solar PV jobs increased by 28 per cent in 2014. In 2016, Japan was listed as the third largest employer of solar PV jobs with 377,100 workers, based on direct and indirect labour. In terms of renewable energy, Japan employs 3,000 jobs in liquid biofuels, 5,000 jobs in wind power, 700 jobs in solar cooling and heating, and 2,000 jobs in geothermal energy. In 2018 Japan's slowing economy meant that employment in the solar PV industry fell from 302,000 in 2016 to an estimated 272,000 jobs in 2017.

Wind turbine service technicians are projected to continue to be the fastest growing profession in the United States between 2017 and 2024

United States

In 2010 Green Goods and Services survey found there are 3.1 million Green Goods and Services (GGS) jobs in the United States which accounts for 2.4 per cent of all United States salary and wage employment. The private sector had 2.3 million GGS jobs, and the public sector had 860,000 GGS jobs. From 2010 the data indicates that green jobs are continuing to grow rapidly in the United States. The US is currently undergoing an energy revolution from coal fire power plants to renewable energy. The majority of these additions are coming from three main resources: solar (9.5 GW), natural gas (8 GW), and wind (6.8 GW). Together, these three sources make up 93 per cent of total additions. The shift from fossil fuels to renewables will be mirrored by US employment as workers turn away from jobs like coal mining and towards green jobs. This is made evident by a report published by the Bureau of Land Management published 17 April 2017 that states wind turbine service technicians are currently and projected to continue to be the fastest growing profession in the United States between 2017 and 2024 with projected growth of 108.0 per cent.

Reagan administration 1981-1989

President Reagan said, "Trees cause more pollution than automobiles do." As governor of California, Reagan advocated on behalf of the environment; a large portion of Californian constituents were pro-environment. It states in the book The Enduring Wilderness, "President Ronald Reagan signed more wilderness laws than any other president - forty-three laws designating 10.6 million acres of wilderness in thirty-one states." President Reagan also set a new precedent as president by leasing over twenty million acres of national land for coal, oil, and gas development.

Bush administration 2001-2009

The Business Energy Investment Tax credit is a federal policy introduced in 2005 under the Bush administration to promote implementation of green energy sources through a 30 per cent federal tax return in both residential and commercial projects. Individuals and companies were able to apply credit for investments in green energy technologies including solar, fuel cell and wind energy technology. The ITC has been extended multiple times, most recently in 2015 through a multi-year extension that will maintain the 30 per cent return up until 2019, afterward decreasing to 26 per cent until 2020 and 22 per cent until 2021. After 2021, commercial credits would reduce to 10 per cent and 0 per cent for residential projects. The Solar Energy Industries Association has attributed stability in the growth of solar energy industries in the U.S. to the implementation of the ITC since 2006. Since the implementation of the ITC, the U.S. solar industry has experienced growth in implementation of solar technology, mainly due to the rapidly decreasing overhead costs as the solar industry was spurred to production and development through the ITC. The solar industry is projected to employ over 420,000 individuals by 2020- nearly double of the 260,000 solar workers in 2016- and contribute $30 billion to the United States economy annually.

Obama administration 2009-2017

President Obama campaigned under the promise of creating 5 million new green jobs in the United States. President Obamas plan included the American Clean Energy and Security Act of 2009 (ACES) proposed a cap and trade system which would bring in revenue that would be used to invest in clean energy technology creating 5 million new jobs The bill was passed through the house but never made it to the senate floor and therefore was never written into law. Secondly, due to the 2013 Balanced Budget and Emergency Deficit Control Act the federal government "discontinued measuring all green jobs" which makes tracking job growth extremely difficult.

Although it is unclear if President Obama met his 5 million jobs goal, there was significant growth under his administration. As of March 2016 according to a nonpartisan group, Environmental Entrepreneurs, there were 2.5 million jobs in clean energy with 77,088 jobs solely in the wind industry. During this period of time employment in the solar field was also on the rise. According to the 2015 National Solar Census 2015 marked the third consecutive year in which solar growth was at 20 per cent.

Additionally, the American Recovery and Reinvestment Act (ARRA), passed in early 2009, includes provisions for new jobs in industries such as energy, utilities, construction, and manufacturing with a focus toward energy efficiency and more environmentally-friendly practices.

In March 2009, U.S. President Barack Obama appointed Van Jones as Special Advisor for Green Jobs, Enterprise and Innovation at the White House Council on Environmental Quality (CEQ). Following Jones' resignation in September 2009, no further candidates appear to have been appointed to this position.

Trump administration 2017–2021

On 23 January 2017 President Trump signed an executive order, "Presidential Memorandum Regarding the Hiring Freeze", regarding a hiring freeze on government positions across the executive branch. Trump placed a hold on grants distributed through the EPA that could amount to $4 billion per year. The measure was recanted days later, but Trump has proclaimed his intent to "drastically cut the EPA". Myron Ebell, a former member of the Trump transition team, when asked about United States Environmental Protection Agency cuts in an interview with Associated Press, responded "Let's aim [to cut] for half and see how it works out, and then maybe we'll want to go further."

In the 2018 "Make America Great Again Blueprint", the Trump administration projected EPA funding cuts of 31 per cent and discontinued funding for the Clean Power Plan, international climate change programs, and climate change research and partnership programs.

Policy

Flag of the United Nations which jointly launched the Green Jobs Initiative

United Nations

UNEP Green Jobs Initiative

In 2008 the United Nations Environment Programme (UNEP), the International Labour Organization (ILO), the International Trade Union Confederation (ITUC), and the International Employers Organization (IEO) jointly launched the Green Jobs Initiative. The purpose is to bring a just transition to a green economy by providing space for workers, employers, and governments to negotiate on policy effective in providing equitable opportunity to green jobs.

Just transition

Protestor in Melbourne calling for a just transition and decarbonisation
 
Just transition is a framework developed by the trade union movement to encompass a range of social interventions needed to secure workers' rights and livelihoods when economies are shifting to sustainable production, primarily combating climate change and protecting biodiversity. In Europe, advocates for a just transition want to unite social and climate justice, for example, for coal workers in coal-dependent developing regions who lack employment opportunities beyond coal.

United States

Consolidated Appropriations Act 2010

$8 million was invested to produce and measure data on green-collar Jobs and green economic activity through the Department of Labor, the Bureau of Labor Statistics, and Federal agencies (Environmental Protection Agency, Department of Energy and Commerce, Employment and Training Administration). Methods on the approach target business that produce green goods and services and include special employer surveys, aggregate data gathering on employment and wages, and tabulations that distinguish between occupation and industry.

Data collection and upkeep on Green Goods and Services (GGS) jobs has been discontinued due to the Balanced Budget and Emergency Deficit Control Act in 2013. All "measuring green jobs" programs in the US government were eliminated by this Act.

USA Green Jobs Act 2007

The Green Jobs Act of 2007 (H.R. 2847), introduced by Reps. Hilda Solis (D-CA) and John Tierney (D-MA), "authorized up to $125 million in funding to establish national and state job training programs, administered by the U.S. Department of Labor, to help address job shortages that are impairing growth in green industries, such as energy efficient buildings and construction, renewable electric power, energy efficient vehicles, and biofuels development." The Energy Independence and Security Act passed in December 2007 incorporates the Green Jobs Act of 2007.

Pathways out of Poverty

Pathways out of Poverty (POP) is a national workforce training program that was established on 14 August 2009 by the Obama administration and funded by the American Recovery and Reinvestment Act (ARRA) of 2009. POP targets individuals living below or near the poverty level to provide them with skills needed to enter the green job market, focusing on the energy efficiency and renewable energy industries. The training programs focus on teaching basic literacy and job readiness skills. Some of the programs also provide supportive assistance with childcare and transportation to overcome barriers to employment.

MillionTrees NYC Training Program

(MTTP) provides job training opportunities specifically to low-income, job insecure 18-24 year-olds who have a high school degree or GED. In 2009, secure full-time salaries of twice the New York State minimum wage of $7.25 were provided to graduates of MTTP by a grant from the US Forest Service. Out of the 16 employed graduates that were interviewed for a study by USDA Forest Service Northern Research Station, 75 per cent were male, 25 per cent were female, 81 per cent were black, 19 per cent were brown, 75 per cent had a high school diploma, 19 per cent had a GED, and 6 per cent went to some high school. Most employees with personal support who graduate from MTTP stay in their green job; not all employees have personal support networks.

Demographics

According to the Green Equity Toolkit by Race Forward, green jobs are disproportionately occupied by white men. Historically, the environmental movement has been white, middle- and upper-class. In 1990, minorities consisted of 1.9 per cent (14 out of the 745) of workers for four of the largest environmental organizations (Natural Resources Defense Council, Friends of the Earth, Audubon Society, and Sierra Club); out of sixty-three mainstream environmental organizations, 32 per cent had no minorities staffed, 22 per cent had no board members of colour, 19 per cent had no volunteers of colour, 16 per cent had no members of colour. According to a journal in the Ecology Law Quarterly published in 1992, white people disproportionately occupy green jobs since said jobs address environmental concerns not confronted by low-income people and people of colour. Environmental lawyers (who are disproportionately white, middle- and upper-class) focus on environmental issues based on aesthetics, recreation, and protecting natural lands outside of their communities; they often do not face environmental problems in their communities. Low-income communities and people of colour who face environmental problems, such as pollution, do not often have access or will to seek green jobs due to the immediate health hazards in their communities. Instead of green jobs, they often engage in grassroots environmental activism to prevent mortality in their communities from toxicities, such as superfund sites, landfills, incinerators and other health hazards.

A report published in 2014 titled, The State of Diversity in Environmental Organizations, states there has been increasing racial diversity over the past 50 years, but at a disproportionately slow rate. People of colour consist of 38 per cent of the US population and do not exceed 16 per cent of the staff of the environmental organizations studied (191 conservation and preservation organizations, 74 government environmental agencies, 28 environmental grant-making foundations). Employed ethnic minorities disproportionately occupy lower-ranked positions in environmental organizations and fewer than 13 per cent occupy leadership positions. A small number of environmental organizations have a diversity manager, diversity committee, or collaborate with low-income or ethnic organizations. Environmental organizations rarely recruit from minority-serving institutions, minority professional gatherings, and other pipelines with talented minorities. Minority interns to environmental organizations are hired less often than their white counterparts. Promotions often go to white females in environmental organizations.

Green jobs and workforce education

The National Council for Workforce Education and AED published a report, "Going Green: The Vital Role of Community Colleges in Building a Sustainable Future and Green Workforce" that examines how workforce education and community colleges contribute to the overall efforts in the move toward renewable and clean energy. The report gives examples of initiatives currently in effect nationally as well as offering information as to how to implement programs.

The nuclear power industry is also growing and contributing to the green job sector. The World Nuclear Association released a report in July 2020 titled "Employment in the Nuclear and Wind Electricity Generating Sectors". Overall, the report found that a 100 GWe nuclear fleet will employ perhaps more than three times as many workers as a wind fleet of the same capacity. These statistics highlight growing opportunities for green jobs in the nuclear industry. Green jobs are attractive options as they directly address the climate crisis while also providing competitive pay and good benefits. Nuclear power specifically has the potential of creating thousands of high skilled, long term, local jobs.

In response to high unemployment and a distressed economy workers need skills that are relevant to their specific geographical locations. "Instead of making green jobs we need to make jobs green" says Ken Warden, an administrator in workforce education.

There are many different solar industry jobs. The SEIA maintains a resource for those looking for solar jobs. A 2016 study indicates that the declining coal industry could protect their workers by retraining them for the solar industry. There are also some indications that the solar industry "welcomes coal workers with open arms".

For the forest sector, the Team of Specialists (ToS) from the Food and Agriculture Organizations of the United Nations (FAO) and the United Nations Economic Commission for Europe (ECE) mapped out potential green jobs in the forest sector. The ToS identified 19 fields of activities with 30 examples of forestry jobs listed.

Fourth-wave feminism

From Wikipedia, the free encyclopedia

Fourth-wave feminism is a feminist movement that began around 2012 and is characterized by a focus on the empowerment of women, the use of internet tools, and intersectionality. The fourth wave seeks greater gender equality by focusing on gendered norms and the marginalization of women in society.

Fourth-wave feminism became a movement for women to speak up and share their experiences online about sexual abuse, sexual harassment, sexual violence, the objectification of women, and sexism in the workplace. The internet gave women the opportunity for their voices to be heard around the world in a matter of seconds. Social media offered women the opportunity to speak freely about sensitive topics on their own time and on their terms. As women all over the world began sharing their personal stories, they realized the magnitude of the problem and how it was happening everywhere. Internet activism is a key feature of the fourth wave.

The fourth wave emphasizes intersectionality and interlocking systems of power, and how these contribute to the social stratification of traditionally marginalized groups, such as people of colour and trans people. Fourth-wave feminists advocate (like earlier feminists) for greater representation of these groups in politics and business, and argue that society would be more equitable if policies and practices incorporated the perspectives of all people.

Fourth-wave feminism argues for equal pay for equal work and that the equal opportunities sought for girls and women should extend also to boys and men in order to overcome gender norms (for example, by expressing emotions and feelings freely, expressing themselves physically as they wish, and being engaged parents to their children). The utilization of print, news, and social media platforms to collaborate, mobilize, and speak out against sexual assault, sexual harassment, and other forms of gender-based violence is prominent.

History and definition

Some feminists argue that in the 1980s, conservative figures like Margaret Thatcher and Ronald Reagan challenged gains feminists had made up to that point. At the same time, feminists in North America, Latin America, and Europe had succeeded in some of their goals, including the creation of state-run institutions that explicitly promoted women's rights, or feminist involvement in government; these institutions, however, also weakened feminist movements by letting the state take over implementation of feminist goals.

European and Latin American third-wave feminism began in the 1990s, as lipstick feminism and consumerist feminism started to come to an end and as feminist activists were rejecting queer theory espoused by American academics. Fourth-wave feminism developed slowly, globally via the media and the Internet. The wave emerged from a new generation of women who had largely not been informed about previous waves through their education at high school, institutions and university. Knowledge about feminism was gained informally, and it developed a virtual academy where feminists learned that "the personal is political"; it did not emerge from structured feminist learning. Fourth-wave feminism, like other waves before it, in this period was not about the existence of a single ideology, entity, or collective. It was about drawing together in collective groups to work together towards a common goal of ending violence against women in order to free them for the options to take the paths they desire; it was about mutual commitment and support to other women.

The movement in Spain traces its roots to the murder of Ana Orantes; on 17 December 1997 she was burned to death by her husband in her house in Granada for speaking publicly on Canal Sur about abuse she suffered at his hands. Early fourth-wave Spanish feminism used television and newspapers as the primary social network. Orantes' death took the topic of gender violence out of the privacy of the home and brought it to national attention, and resulted in RTVE changing its policies on how the station reported on gender-based and sexist violence. Similar conversations took place at other television networks and media organizations across the country. Jokes about women being hit by boyfriends and husbands were no longer acceptable on Spanish TV. Journalists from El Mundo, El País and Infolibre were among Spain's first participants in the fourth-wave, using their positions in the media to talk about a number of issues, mostly centred around sexist violence and its portrayal in the media. They later went on to talk about Spain's gender parity pay problems and the glass ceiling for them, and promoted taking activism to virtual spaces.

The beginnings of this movement in this period took place in Latin America, Argentina, and Poland. Some of this global desire to act, particularly in a Polish context, came out of the World Conference on Women, 1995 in Beijing.

Social media had an amplifying effect as the fourth-wave feminist movement began to grow. 2018 would be the year that fourth-wave feminism began its peak in Spain, Argentina, and Brazil as a result of a number of different factors, with women mobilized on a large scale to take to the streets. Their mobilization also challenged for the first time, the legitimacy of Spain's judiciary, whereas in previous waves the focus had been more on political leadership and acts of the legislature. The wave in Spain would also face a major challenge, including the emergence of Vox, a far right political party who won seats in Andalusia. Vox was opposed to and wanted to see it overturned. In Argentina, the peak would be around the abortion rights issue which saw thousands of women with green scarves take to the streets.

In an anglosphere feminist context, journalist Pythia Peay argued for the existence of a fourth wave as early as 2005, to focus on social justice and civil rights, and in 2011, Jennifer Baumgardner dated the start of the fourth wave to 2008. Twitter, the social network most popular with the 18-to-29 age group, was created in 2006, making feminism more accessible, and giving rise to "hashtag feminism".

In 2013, Democratic Texas State Senator Wendy Davis staged a 13-hour filibuster in Texas, in an attempt to prevent an anti-abortion bill from passing. Other women showed support by rallying around the Texas State Capitol, and those who were not physically present used the hashtag #StandWithWendy. Similarly, women protested the perceived sexist questions (for example, focusing on appearance or love life) often directed at female celebrities by tweeting the hashtag #askhermore.

Other feminist movements and "calls to action" have arisen from the fourth wave. One is the "HeForShe" campaign which originated from Emma Watson's viral UN Women speech in 2014 and her subsequent activism. Several other incidents have galvanized the movement, including the Delhi gang rape (India, 2012), Jimmy Savile allegations (UK, 2012), Bill Cosby sexual assault cases (US, 2014), Isla Vista killings (US, 2014), trial of Jian Ghomeshi (Canada, 2016), Harvey Weinstein allegations (US, 2017) and subsequent Me Too movement and Weinstein effect, the Westminster sexual scandals (worldwide and UK, 2017), and the La Manada gang rape case in Spain (2018).

Due to the simultaneous existence of multiple waves of feminism – namely the second, third, and fourth – many scholars are questioning the use of the wave metaphor in feminism. However, it is still the terminology most commonly used and most easily understood by the public. As the fourth wave finds much of its definition in relation to the previous ones, it is important to understand what the other waves were:

Internationally, comparisons between waves can be difficult. Anglospheric first-wave feminism is second-wave for Europeans and Latin American feminists. Second-wave American and British feminism is also third-wave for Europeans and Latin Americans. Spanish feminism went through several waves in the Franco era.

Broadly speaking, there are first-wave feminism taking place from the mid-nineteenth century to 1965, second-wave feminism taking place from 1965 to 1975, and third-wave feminism taking place from 1975 to 2012. Fourth-wave feminism in Spain began in the mid-1990s. When resolving waves around the work of important Spanish-speaking feminists discussing wave theory like Amelia Valcárcel, the Spanish fourth-wave may at times actually represent an international fifth wave, not a fourth one.

Each feminist wave has a separate identity, although they get harder to distinguish and define clearly as time goes on, due to debate among activists and scholars. In an Anglospheric feminist context, the first wave was characterized by the suffragette movements and had the aim of legalizing women voting in public elections. In the same context, second wave is more difficult to comprehensively define, but is thought to have roots in the 1960s. Its focus shifted to social and personal rights, such as equal pay, choice over bodily issues, sexual liberation, and resistance to the gendered double standard in society. There is much debate among Anglosphere academics and activists regarding the true definition of the third wave of feminism. It is most commonly understood as a push by younger generations to create a feminism more centered on inclusivity; privileging the plights of queer and non-white women in their messaging. American poet Natasha Sajé has written, "[It] is an amalgamation of many different streams of theorizing—including that of women of colour and younger women disillusioned with what they perceive to make up the body of 'second wave' feminism—in intrinsically different formulations than the theorizing coming from anti-feminists".

Ideas

British journalist Kira Cochrane and British feminist scholar Prudence Bussey-Chamberlain describe the fourth wave as focusing on justice for women, particularly opposition to sexual harassment (including street harassment), violence against women, workplace discrimination and harassment, body shaming, sexist imagery in the media, online misogyny, campus sexual assault and assault on public transport, and rape culture. They also say it supports intersectionality, social media activism, and online petitioning. Its essence, Chamberlain writes, is "incredulity that certain attitudes can still exist". Events and organizations involved in fourth-wave feminism include Everyday Sexism Project, UK Feminista, Reclaim the Night, One Billion Rising, and "a Lose the Lads' mags protest".

Books associated with the fourth wave include:

Cosslett and Baxter's book aims to debunk stereotypes of femininity promoted by mainstream women's press. Bates, a British feminist writer, created the Everyday Sexism Project on 16 April 2012 as an online forum where women could post their experiences of everyday harassment.

Third-wave feminists began introducing the concept of male privilege in their writings in the 1990s, and fourth-wave feminists continue to discuss it in academia and on social media. American Peggy McIntosh was one of the first feminists to describe the phenomenon of privilege in 1988, calling it (in regards to white privilege) "an invisible weightless knapsack of special provisions, maps, passports, codebooks, visas, clothes, tools, and blank checks." Fourth-wave feminists have taken action to reduce and combat this "knapsack" by raising awareness of privileged and unprivileged groups. Alliance is greatly encouraged by these feminists, who believe that males and other privileged groups can still take action for social change within their communities.

London author Nikki van der Gaag discusses the damaging effects of raising young boys with privilege, citing the Consultative Group on Early Child Care and Development, "a tendency to privilege boys [...] does not teach teach boys responsibility, nor clarify what will be expected from them". Fourth-wave feminists have begun promoting solutions to avoid these issues, such as raising children as gender neutral. Professor of Neuroscience at Chicago Medical School Lise Eliot, points out that infants and growing children are so impressionable that any small differences in raising the child can lead to large personality differences over time, resulting in reinforced gender stereotypes.

Fourth-wave feminists have argued that reinforced gender stereotypes create pressure for men to be breadwinners, as opposed to women, who feel obligated to take on the role of homemakers. Feminists argue that these pressures to conform socially can cause gender discrimination in the workplace and more widely in society. According to Pew Research, a majority of women working in male-dominated workplaces believe that sexual harassment is a problem in their industry.

Intersectionality

British professor of marketing and consumer research Pauline Maclaran argues that although celebrities are at the forefront of fourth-wave feminism, ready access to information has enabled the movement to draw greater attention to economic inequalities faced by women than heretofore possible.

Regarded as more inclusive of the LGBTQIA+ community, fourth-wave feminists such as Jacob Bucher of Baker University have protested stereotypes surrounding men's supposed uncontrolled sexual desire and objectification of women. He states that gay men specifically are stigmatized by such stereotypes because they lie outside of the typical standard for masculinity.

North American sociologist Amanda E. Vickery claims that fourth-wave feminism marginalizes women of colour who are fighting for inclusivity, neglecting the specific injustices they face to make way for the mainstream struggle.

Canadian art historian Ruth Phillips argues that fourth-wave feminism falls within the broader agenda of financial, political, and environmental concerns and is recognized as a key factor in alleviating poverty, improving women's health, and achieving economic growth.

In Latin American fourth-wave feminism, a similar concept to intersectionality is that of transversality. It describes "a form of feminism that addresses a wide range of issues in an effort to represent the heterogeneity of society". Examples include addressing colonialism or racism, economic topics, and LGBTQ issues.

Around the world

Protester in Porto Alegre, Brazil, participating in the Ele Não movement

As fourth-wave feminism became popular in the United States, other countries were also dealing with similar issues. Although the reactions of local governments differed, the movement of fourth-wave feminists continued. Some of the hashtags associated with the movement included:

  • #AndNow or NowWhat in Canada
  • #WoYeShi (Mandarin for 'MeToo') in China
  • #BalanceTonPorc (French for 'DenounceYourPig' or 'ExposeYourPig') in France
  • #NotinMyName in India
  • #QuellaVoltaChe (Italian for 'The Time That') in Italy
  • #BoycottAliZafar, #BoycottTeefainTrouble, #TeefaisTrouble in Pakistan
  • #BabaeAko (Filipino for 'I Am a Woman') in the Philippines
  • #YoTambien (Spanish for 'MeToo') in Spain
  • #AmINext in South Africa

As the importance of social media in "creating and sustaining feminist community" is an increasingly popular idea, "diversity and creativity continue to characterize feminist activism" around the world in the 21st century. Communities around the globe witnessed the reflections of "the current, Internet-based fourth wave" feminism and investigated the difference of it. Moreover, the increasing social power of fourth-wave feminist movements prioritize these issues for elected governments, encouraging them to engage with the "new and young feminisms" of the modern day.

For instance, in Canada, after the #MeToo hashtag started trending in October 2017, hundreds of people began to credit fourth-wave feminists with the movement. Another hashtag, #AndNow, became popular in Canada due to the support of Prime Minister Justin Trudeau. #AndNow supported discussing the solution to sexual harassment or abuse in the workplace to help people fight for equity between all people.

In India, there have been several movements or protests with large numbers of women, which have changed the perspective of many in the nation regarding femininity. These include the 2003 Blank Noise Project, the 2009 Pink Chaddi (underwear) movement, the 2011 SlutWalk protest, the 2015 Pinjra Tod (Break the Cage) movement and the 2017 Bekhauf Azadi (Freedom without Fear) March. Indian social discourse started to focus on long-term and deep-rooted issues, such as gender inequality, sexual violence, child marriage, sex-selective abortions, and dowry-related violence. Many believe it led to the questioning of women's freedoms, choices, and desires in society. The influence and power of the campaign made the government expand the legal definition of rape, introduced "harsher punishment for rapists, criminalizing stalking and voyeurism", showed "a new kind of Indian femininity that was comfortable with her modernity and sexuality" and demonstrates the rise of fourth-wave feminism in India.

Ni una menos (meaning "Not one woman less") is a Latin American feminist movement originating in Argentina which aims to end violence against women. The movement has engaged in women's strikes, including the International Women's Strike. Ni una menos has been described as fourth wave feminism. According to Cecilia Palmeiro, a founding member of the Ni Una Menos collective, "By connecting perspectives such as indigenous feminism with black feminism, migrant feminism, queer feminism, and popular feminism, we made alliances and enlightened the intersection of violences as well as featured possible strategies of resistance. That is why our movement has been described as a fourth wave of feminism or feminism of the 99 percent."

In Brazil, on September 19, 2018, the Ele Não movement (Portuguese for 'not him'), also known as the protests against Jair Bolsonaro, were demonstrations led by women which took place in several regions of the country as well as the world. The main goal was to protest against Bolsonaro's presidential campaign and his sexist declarations. It was being used even among national and international celebrities. Madonna was one of the international celebrities who took part in the movement. She posted in her Instagram, where she has more than 12.1 million followers, a picture in which she appears with her mouth sealed by a tape with the saying "freedom". Above, it reads in Portuguese "Ele não vai nos desvalorizar, ele não vai nos calar, ele não vai nos oprimir" (He won't devalue us, he won't silence us, he won't oppress us).

Because Latin American fourth-wave feminism encompasses simultaneously distinct movements, many of which are in tension with one another, some refer to Latin American 'feminisms' in the plural. One of the more controversial branches emerged as a reaction to and rejection of queer feminism and of postmodern feminism, and consists of trans-exclusionary activists who reject prominent feminist academics like Judith Butler and much of feminist theory and seek to create a new anti-LGBT feminist movement by redefining 'woman' as exclusively cisgender and non-intersex, seeking to reframe the queer feminist movement not as an inclusive but as a watering-down of feminism and erasure of females. Whereas queer feminism was inclusive by expanding binary and cisnormative concepts of gender, these Latin American feminists argue that Butler was attempting to erase the concept of womanhood and thereby women as political subjects, and reject gender studies, calling it a conspiracy to hide women in academia. Defining identity through biology instead of gender, and replacing postmodern concepts of femininity with gender-essentialism, they frame queer feminism as a conspiracy to hide 'male' aggressors (trans women) and oppress females.

Social media

While previous waves of feminism have encountered such obstacles as rigid sociopolitical structures and a lack of available communication channels, fourth-wave feminists harness digital media as a far-reaching platform on which to connect, share perspectives, create a broader view of experienced oppression, and critique past feminist waves.

Kira Cochrane has argued that fourth-wave feminism is "defined by technology" and characterized particularly by the use of Facebook, Twitter, Instagram, YouTube, Tumblr, and blogs such as Feministing to challenge misogyny.

Social media activism has manifested as Twitter threads critiquing perceived transphobia in the media and in so-called "hashtag feminism" campaigns, notably #MeToo, #YesAllWomen, #bringbackourgirls, #NotYourAsianSidekick and #SolidarityIsForWhiteWomen. Girlgaze, launched by Amanda de Cadenet, is an online multi-sided platform that directly connects businesses, companies and brands with women and non-binary creative talent, promoting the need for diversity, inclusion and representation across the creative industry. Time named a group of activists prominent in the #MeToo movement, dubbed "the silence breakers", as its 2017 Person of the Year.

Other fourth-wave feminist campaigns include the Feminist Coalition, Everyday Sexism Project, No More Page 3, Ni una menos, Stop Bild Sexism, Free the Nipple, SlutWalk, the 2017 and 2018 Women's Marches, Time's Up, and One Billion Rising. Artistic endeavors include Mattress Performance and 10 Hours of Walking in NYC as a Woman.

Discourse surrounding the topic of privilege is common among fourth-wave feminists, who argue that members of traditionally dominant social groups should acknowledge their societal privilege and use it to empower and advocate for members of marginalized groups.

Fourth-wave feminist are using the internet as a tool to self-represent and self-advocate however, some social media platforms are limiting that activity to its viewers. Some who do not fit the ideal beauty standard are not given the opportunity to be viewed equally as others who do. The ideal beauty standards that are in main stream media have made their way online. One social media platform responsible for reinforcing gender stereotypes and distorting the idea of beauty is Instagram. There are certain filters used to pick out certain content which allows others to get flooded with images of what is considered beautiful. Regardless of the advancements that fourth-wave feminists have achieved there is still a level of control being done restricting women from posting certain content.

Timeline


Date Event/Campaign
2010 Hollaback Campaign
January 2011 The International Slutwalk
October 2011 Project Unbreakable
January 2012 An updated definition of Rape was made.
2012 No More Page 3
April 2012 Everyday Sexism Project
2013 The Facebook Rape Campaign
January 2017 Women's March
October 2017 MeToo Movement

Criticism

One criticism of fourth-wave feminism is that it depends on technology. Ragna Rök Jóns argued that "[t]he key problem that this '4th Wave' will face will be the disproportionate access to and ownership of digital media devices." The fourth wave is left with the "inherent classism and ableism" created by giving the greatest voice to those who can afford and use technology, while the growth of social media in regions plagued by pervasive social injustice remains slow.

Critics argue that efforts by large corporations such as Dove to capitalize on the movement through activist advertising may be inimical to fourth-wave feminism, which tends to be critical of capitalism as an economic system.

The conservative critique of fourth-wave feminism is that when women believe that the world is set against them through social systems such as patriarchy, they will abandon all efforts instead of competing with men as equals. Author Joanna Williams writes in The American Conservative that fourth-wave feminism encourages women to "call upon external helpmates, like the state, and ugly identity politics that push good men away". Williams also associates the movement with the "regressive left", claiming fourth-wave feminists are authoritarian and illiberal by dictating acceptable ideologies and policing the speech of men and women.

It is also argued that when people participate in Internet activism, they may not feel the need to do anything else to help the effort. This type of activism is addressed in feminist punk band Le Tigre's 2001 song "Get Off the Internet", from before social media came into the picture. Later, in 2015, Alex Guardado asserted in an article on Twitter activism for NewUniversity.org that after contributing their say, people just "continue on with their day, liking other posts or retweeting". Some may think of themselves as activists while never bothering to attend a rally or extend their message beyond their Twitter fan base. While various feminist campaigns have spread via social media, the term slacktivism was coined to describe the mass media users who may speak out on their online platform but do little else to stimulate social action outside of their online platform. This forms part of a greater dialogue surrounding the roles and requirements of activism in an age where communities operate almost as equally online as they do face-to-face.

Jennifer Simpkins of The Huffington Post argued in 2014 that fourth-wave feminism had created a hostile, Mean Girls–like atmosphere, in which women are more likely to tear each other down. "I've actually never once been belittled and attacked by a man for believing in the cause of feminism ... but women are just about lining up to take a whack at the shoddy piñata of my personal tastes and opinions". British scholar Ealasaid Munro says that the call-out culture of fourth-wave feminism risks marginalizing and separating people who could serve better as allies over minor disagreements.

Women and their gendered issues are not uniform and many variations in issues are a result of related issues such as race, sexuality, and class, and Munro also provides the critique that mainstream feminism is focused on the struggle of middle-class white women. Social campaigns that cast celebrities as the face of the movement, such as the Me Too movement, have been criticized, because celebrities often represent the privileged sectors of society, which in turn negate the efforts to expand upon the intersectionality of feminism.

The wave narrative itself is criticized due to perceptions that it is only inclusive of western feminist movements and that the fourth wave itself takes place in the global north, often neglecting the struggle of women in other regions.

Other critiques of fourth-wave feminism include its lack of clear evidence in most cases of social media use. Along with this, some argue that though all issues should be dealt with, smaller issues must not be inflated to a higher level by the feminist movement. One example of this is Matt Damon's response to the Harvey Weinstein case, "I do believe that there is a spectrum of behaviour, right? [...] There's a difference between, you know, patting someone on the butt and rape or child molestation, right?" Social media also can be seen as ineffective as it brings down "bogeyman" individuals rather than, "invent[ing] a different language or logic that can excise or alter the structures of oppression" as Sarah K. Burgess describes.

Monday, October 10, 2022

Fiduciary

From Wikipedia, the free encyclopedia

The Court of Chancery, which governed fiduciary relations in England prior to the Judicature Acts

A fiduciary is a person who holds a legal or ethical relationship of trust with one or more other parties (person or group of persons). Typically, a fiduciary prudently takes care of money or other assets for another person. One party, for example, a corporate trust company or the trust department of a bank, acts in a fiduciary capacity to another party, who, for example, has entrusted funds to the fiduciary for safekeeping or investment. Likewise, financial advisers, financial planners, and asset managers, including managers of pension plans, endowments, and other tax-exempt assets, are considered fiduciaries under applicable statutes and laws. In a fiduciary relationship, one person, in a position of vulnerability, justifiably vests confidence, good faith, reliance, and trust in another whose aid, advice, or protection is sought in some matter. In such a relation, good conscience requires the fiduciary to act at all times for the sole benefit and interest of the one who trusts.

A fiduciary is someone who has undertaken to act for and on behalf of another in a particular matter in circumstances which give rise to a relationship of trust and confidence.

Fiduciary duties in a financial sense exist to ensure that those who manage other people's money act in their beneficiaries' interests, rather than serving their own interests.

A fiduciary duty is the highest standard of care in equity or law. A fiduciary is expected to be extremely loyal to the person to whom he owes the duty (the "principal") such that there must be no conflict of duty between fiduciary and principal, and the fiduciary must not profit from their position as a fiduciary. (unless the principal consents). The nature of fiduciary obligations differs among jurisdictions. In Australia, only proscriptive or negative fiduciary obligations are recognised, whereas in Canada, fiduciaries can come under both proscriptive (negative) and prescriptive (positive) fiduciary obligations.

In English common law, the fiduciary relation is an important concept within a part of the legal system known as equity. In the United Kingdom, the Judicature Acts merged the courts of equity (historically based in England's Court of Chancery) with the courts of common law, and as a result the concept of fiduciary duty also became applicable in common law courts.

When a fiduciary duty is imposed, equity requires a different, stricter standard of behavior than the comparable tortious duty of care in common law. The fiduciary has a duty not to be in a situation where personal interests and fiduciary duty conflict, not to be in a situation where their fiduciary duty conflicts with another fiduciary duty, and a duty not to profit from their fiduciary position without knowledge and consent. A fiduciary ideally would not have a conflict of interest. It has been said that fiduciaries must conduct themselves "at a level higher than that trodden by the crowd" and that "[t]he distinguishing or overriding duty of a fiduciary is the obligation of undivided loyalty".

In different jurisdictions

Different jurisdictions regard fiduciary duties in different lights. Canadian law, for example, has developed a more expansive view of fiduciary obligation than American law, while Australian law and British law have developed more conservative approaches than either the United States or Canada. In Australia, it has been found that there is no comprehensive list of criteria by which to establish a fiduciary relationship. Courts have so far refused to define the concept of a fiduciary, instead preferring to develop the law on a case-by-case basis and by way of analogy. Fiduciary relationships are of different types and carry different obligations so that a test appropriate to determine whether a fiduciary relationship exists for one purpose might be inappropriate for another:

In 2014 the Law Commission (England and Wales) reviewed the fiduciary duties of investment intermediaries, looking particularly at the duties on pension trustees. They commented that the term "fiduciary" is used in many different ways.

Fiduciary duties cannot be understood in isolation. Instead they are better viewed as ‘legal polyfilla’, molding themselves flexibly around other legal structures, and sometimes filling the gaps.

— Law Commission (England and Wales) Fiduciary Duties of Investment Intermediaries Law Com 350, para 3.11 

The question of who is a fiduciary is a "notoriously intractable" question and this was the first of many questions. In SEC v. Chenery Corporation, Frankfurter J said,

To say that a man is a fiduciary only begins the analysis; it gives direction to further inquiry. To whom is he a fiduciary? What obligations does he owe as a fiduciary? In what respect has he failed to discharge these obligations? And what are the consequences of his deviation from his duty?

The law expressed here follows the general body of elementary fiduciary law found in most common law jurisdictions; for in-depth analysis of particular jurisdictional idiosyncrasies please consult primary authorities within the relevant jurisdiction.

This is especially true in the area of Labor and Employment law. In Canada a fiduciary has obligations to the employer even after the employment relationship is terminated, whereas in the United States the employment and fiduciary relationships terminate together.

Fiduciary duties under Delaware corporate law

The corporate law of Delaware is the most influential in the United States, as more than 50% of publicly traded companies in the United States, including 64% of the Fortune 500, have chosen to incorporate in that State. Under Delaware law, officers, directors and other control persons of corporations and other entities owe three primary fiduciary duties, (1) the duty of care, (2) the duty of loyalty and (3) the duty of good faith.

The duty of care requires control persons to act on an informed basis after due consideration of all information. The duty includes a requirement that such persons reasonably inform themselves of alternatives. In doing so, they may rely on employees and other advisers so long as they do so with a critical eye and do not unquestionably accept the information and conclusions provided to them. Under normal circumstances, their actions are accorded the protection of the business judgment rule, which presumes that control persons acted properly, provided that they act on an informed basis, in good faith and in the honest belief that the action taken was in the best interests of the company.

The duty of loyalty requires control persons to look to the interests of the company and its other owners and not to their personal interests. In general, they cannot use their positions of trust, confidence and inside knowledge to further their own private interests or approve an action that will provide them with a personal benefit (such as continued employment) that does not primarily benefit the company or its other owners.

The duty of good faith requires control persons to exercise care and prudence in making business decisions—that is, the care that a reasonably prudent person in a similar position would use under similar circumstances. Control persons fail to act in good faith, even if their actions are not illegal, when they take actions for improper purposes or, in certain circumstances, when their actions have grossly inequitable results. The duty to act in good faith is an obligation not only to make decisions free from self-interest, but also free of any interest that diverts the control persons from acting in the best interest of the company. The duty to act in good faith may be measured by an individual's particular knowledge and expertise. The higher the level of expertise, the more accountable that person will be (e.g., a finance expert may be held to a more exacting standard than others in accepting a third party valuation).

At one time, courts seemed to view the duty of good faith as an independent obligation. However, more recently, courts have treated the duty of good faith as a component of the duty of loyalty.

Diagram illustrating fiduciary duty, placing good faith within duty of loyalty.

Fiduciary duty in Canadian corporate law

In Canada, directors of corporations owe a fiduciary duty. A debate exists as to the nature and extent of this duty following a controversial landmark judgment from the Supreme Court of Canada in BCE Inc. v. 1976 Debentureholders. Scholarly literature has defined this as a "tripartite fiduciary duty", composed of (1) an overarching duty to the corporation, which contains two component duties — (2) a duty to protect shareholder interests from harm, and (3) a procedural duty of "fair treatment" for relevant stakeholder interests. This tripartite structure encapsulates the duty of directors to act in the "best interests of the corporation, viewed as a good corporate citizen".

Relationships

The most common circumstance where a fiduciary duty will arise is between a trustee, whether real or juristic, and a beneficiary. The trustee to whom property is legally committed is the legal—i.e., common law—owner of all such property. The beneficiary, at law, has no legal title to the trust; however, the trustee is bound by equity to suppress their own interests and administer the property only for the benefit of the beneficiary. In this way, the beneficiary obtains the use of property without being its technical owner.

Others, such as corporate directors, may be held to a fiduciary duty similar in some respects to that of a trustee. This happens when, for example, the directors of a bank are trustees for the depositors, the directors of a corporation are trustees for the stockholders or a guardian is trustee of their ward's property. A person in a sensitive position sometimes protects themselves from possible conflict of interest charges by setting up a blind trust, placing their financial affairs in the hands of a fiduciary and giving up all right to know about or intervene in their handling.

The fiduciary functions of trusts and agencies are commonly performed by a trust company, such as a commercial bank, organized for that purpose. In the United States, the Office of the Comptroller of the Currency (OCC), an agency of the United States Department of the Treasury, is the primary regulator of the fiduciary activities of federal savings associations.

When a court desires to hold the offending party to a transaction responsible so as to prevent unjust enrichment, the judge can declare that a fiduciary relation exists between the parties, as though the offender were in fact a trustee for the partner.

Relationships which routinely attract by law a fiduciary duty between certain classes of persons include these:

In Australia, the categories of fiduciary relationships are not closed.

Roman and civil law recognized a type of contract called fiducia (also contractus fiduciae or fiduciary contract), involving essentially a sale to a person coupled with an agreement that the purchaser should sell the property back upon the fulfillment of certain conditions. Such contracts were used in the emancipation of children, in connection with testamentary gifts and in pledges. Under Roman law a woman could arrange a fictitious sale called a fiduciary coemption in order to change her guardian or gain legal capacity to make a will.

In Roman Dutch law, a fiduciary heir may receive property subject to passing it to another on fulfilment of certain conditions; the gift is called a fideicommissum. The fiduciary of a fideicommissum is a fideicommissioner and one that receives property from a fiduciary heir is a fideicommissary heir.

Fiduciary principles may be applied in a variety of legal contexts.

Possible relationships

Joint ventures, as opposed to business partnerships, are not presumed to carry a fiduciary duty; however, this is a matter of degree. If a joint venture is conducted at commercial arm's length and both parties are on an equal footing then the courts will be reluctant to find a fiduciary duty, but if the joint venture is carried out more in the manner of a partnership then fiduciary relationships can and often will arise.

Husbands and wives are not presumed to be in a fiduciary relationship; however, this may be easily established. Similarly, ordinary commercial transactions in themselves are not presumed to but can give rise to fiduciary duties, should the appropriate circumstances arise. These are usually circumstances where the contract specifies a degree of trust and loyalty or it can be inferred by the court.

Australian courts also do not recognise parents and their children to be in fiduciary relationships. In contrast, the Supreme Court of Canada allowed a child to sue her father for damages for breach of his fiduciary duties, opening the door in Canada for allowing fiduciary obligations between parent and child to be recognised.

Australian courts have also not accepted doctor-patient relationships as fiduciary in nature. In Breen v Williams, the High Court viewed the doctor's responsibilities over their patients as lacking the representative capacity of the trustee in fiduciary relationships. Moreover, the existence of remedies in contract and tort made the Court reluctant in recognising the fiduciary relationship.

In 2011, in an insider trading case, the U.S. Securities and Exchange Commission brought charges against a boyfriend of a Disney intern, alleging he had a fiduciary duty to his girlfriend and breached it. The boyfriend, Toby Scammell, allegedly received and used insider information on Disney's takeover of Marvel Comics.

Generally, the employment relationship is not regarded as fiduciary, but may be so if

... within a particular contractual relationship there are specific contractual obligations which the employee has undertaken which have placed him in a situation where equity imposes these rigorous duties in addition to the contractual obligations. Although terminologies like duty of good faith, or loyalty, or the mutual duty of trust and confidence are frequently used to describe employment relationships, such concepts usually denote situations where "a party merely has to take into consideration the interests of another, but does not have to act in the interests of that other.

If fiduciary relationships are to arise between employers and employees, it is necessary to ascertain that the employee has placed himself in a position where he must act solely in the interests of his employer. In the case of Canadian Aero Service Ltd v O'Malley, it was held that a senior employee is much more likely to be found to owe fiduciary duties towards his employer.

A protector of a trust may owe fiduciary duties to the beneficiaries, although there is no case law establishing this to be the case.

In 2015, the United States Department of Labor issued a proposed rule that if finalized would extend the fiduciary duty relationship to investment advisors and some brokers including insurance brokers. In 2017, the Trump Administration planned to order a 180-delay of implementation of the rule, sometimes known as the 'fiduciary rule'. The rule would require "brokers offering retirement investment advice to put their clients' interest first". The Trump Administration later rescinded the fiduciary rule on July 20, 2018. Prior to its repeal, the rule was also dealt blows by the US Fifth Circuit Court of Appeals in March and June 2018.

Example

For example, two members, X and Y, of a band currently under contract with one another (or with some other tangible, existing relationship that creates a legal duty) record songs together. Let us imagine it is a serious, successful band and that a court would declare that the two members are equal partners in a business. One day, X takes some demos made cooperatively by the duo to a recording label, where an executive expresses interest. X pretends it is all his work and receives an exclusive contract and $50,000. Y is unaware of the encounter until reading it in the paper the next week.

This situation represents a conflict of interest and duty. Both X and Y hold fiduciary duties to each other, which means they must subdue their own interests in favor of the duo's collective interest. By signing an individual contract and taking all the money, X has put personal interest above the fiduciary duty. Therefore, a court will find that X has breached his fiduciary duty. The judicial remedy here will be that X holds both the contract and the money in a constructive trust for the duo. Note, X will not be punished or totally denied of the benefit; both X and Y will receive a half share in the contract and the money.

Elements of duty

A fiduciary, such as the administrator, executor or guardian of an estate, may be legally required to file with a probate court or judge a surety bond, called a fiduciary bond or probate bond, to guarantee faithful performance of his duties. One of those duties may be to prepare, generally under oath, an inventory of the tangible or intangible property of the estate, describing the items or classes of property and usually placing a valuation on them.

A bank or other fiduciary having legal title to a mortgage may sell fractional shares to investors, thereby creating a participating mortgage.

Accountability

A fiduciary will be liable to account if proven to have acquired a profit, benefit or gain from the relationship by one of three means:

  • In circumstances of conflict of duty and interest;
  • In circumstances of conflict of duty to one person and duty to another person;
  • By taking advantage of the fiduciary position.

Therefore, it is said the fiduciary has a duty not to be in a situation where personal interests and fiduciary duty conflict, a duty not to be in a situation where his fiduciary duty conflicts with another fiduciary duty, and not to profit from his fiduciary position without express knowledge and consent. A fiduciary cannot have a conflict of interest.

The state of Texas in the United States sets out the duties of a fiduciary in its Estates Code, chapter 751, as follows (the bracketed references to TPC refer to the Texas Probate Code superseded by the Estates Code, effective January 1, 2014):

Sec. 751.101. Fiduciary Duties. [TPC §489B(a)]
An attorney in fact or agent is a fiduciary and has a duty to inform and to account for actions taken under the power of attorney.
Sec. 751.102. Duty to Timely Inform Principal. [TPC §489B(b)]
(a) The attorney in fact or agent shall timely inform the principal of each action taken under the power of attorney.
(b) Failure of an attorney in fact or agent to timely inform, as to third parties, does not invalidate any action of the attorney in fact or agent.
Sec. 751.103. Maintenance of Records. [TPC §489B(c), (f)]
(a) The attorney in fact or agent shall maintain records of each action taken or decision made by the attorney in fact or agent.
(b) The attorney in fact or agent shall maintain all records until delivered to the principal, released by the principal, or discharged by a court.
Sec. 751.104. Accounting. [TPC §489B(d), (e)]
(a) The principal may demand an accounting by the attorney in fact or agent.
(b) Unless otherwise directed by the principal, an accounting under Subsection (a) must include:
(1) the property belonging to the principal that has come to the attorney in fact’s or agent’s knowledge or into the attorney in fact’s or agent’s possession;
(2) each action taken or decision made by the attorney in fact or agent;
(3) a complete account of receipts, disbursements, and other actions of the attorney in fact or agent that includes the source and nature of each receipt, disbursement, or action, with receipts of principal and income shown separately;
(4) a listing of all property over which the attorney in fact or agent has exercised control that includes:
(A) an adequate description of each asset; and
(B) the asset’s current value, if the value is known to the attorney in fact or agent;
(5) the cash balance on hand and the name and location of the depository at which the cash balance is kept;
(6) each known liability; and
(7) any other information and facts known to the attorney in fact or agent as necessary for a full and definite understanding of the exact condition of the property belonging to the principal.
(c) Unless directed otherwise by the principal, the attorney in fact or agent shall also provide to the principal all documentation regarding the principal’s property.

Conflict of duties

A fiduciary's duty must not conflict with another fiduciary duty. Conflicts between one fiduciary duty and another fiduciary duty arise most often when a lawyer or an agent, such as a real estate agent, represent more than one client, and the interests of those clients conflict. This would occur when a lawyer attempts to represent both the plaintiff and the defendant in the same matter, for example. The rule comes from the logical conclusion that a fiduciary cannot make the principal's interests a top priority if he has two principals and their interests are diametrically opposed; he must balance the interests, which is not acceptable to equity. Therefore, the conflict of duty and duty rule is really an extension of the conflict of interest and duty rules.

No-profit rule

A fiduciary must not profit from the fiduciary position. This includes any benefits or profits which, although unrelated to the fiduciary position, came about because of an opportunity that the fiduciary position afforded. It is unnecessary that the principal would have been unable to make the profit; if the fiduciary makes a profit, by virtue of his role as fiduciary for the principal, then the fiduciary must report the profit to the principal. If the principal provides fully informed consent, then the fiduciary may keep the benefit and be absolved of any liability for what would be a breach of fiduciary duty. If this requirement is not met then the property is deemed by the court to be held by the fiduciary on constructive trust for the principal.

Secret commissions, or bribes, also come under the no profit rule. The bribe shall be held in constructive trust for the principal. The person who made the bribe cannot recover it, since he has committed a crime. Similarly, the fiduciary, who received the bribe, has committed a crime. Fiduciary duties are an aspect of equity and, in accordance with the equitable principles, or maxims, equity serves those with clean hands. Therefore, the bribe is held on constructive trust for the principal, the only innocent party.

Bribes were initially considered not to be held on constructive trust, but were considered to be held as a debt by the fiduciary to the principal. This approach has been overruled; the bribe is now classified as a constructive trust. The change is due to pragmatic reasons, especially in regard to a bankrupt fiduciary. If a fiduciary takes a bribe and that bribe is considered a debt then if the fiduciary goes bankrupt the debt will be left in his pool of assets to be paid to creditors and the principal may miss out on recovery because other creditors were more secured. If the bribe is treated as held on a constructive trust then it will remain in the possession of the fiduciary, despite bankruptcy, until such time as the principal recovers it.

Avoiding these accountabilities

The landmark Australian decision ASIC v Citigroup noted that the "informed consent" on behalf of the beneficiary to breaches of either the no-profit and no-conflict rule will allow the fiduciary to get around these rules. Furthermore, it highlighted that a contract may include a clause that allows individuals to avoid all fiduciary obligations within the course of dealings, and thereby continue to make a personal profit or deal with other parties- tasks that may otherwise have been in conflict with what would have been a fiduciary duty had it not been for this clause. In the Australian case of Farah Constructions Pty Ltd v Say-Dee Pty Ltd, however, Gleeson CJ, Gummow, Callinan, Heydon and Crennan JJ observed that the sufficiency of disclosure may depend on the sophistication and intelligence of the persons to whom the disclosure must be made.

However, in the English case of Armitage v Nurse an exception was noted to be the fiduciary's obligation of good faith; liability for breach of fiduciary duty by way of fraud or dishonesty cannot be avoided through an exclusion clause in a contract. The decision in Armitage v Nurse has been applied in Australian.

Breaches of duty and remedies

Conduct by a fiduciary may be deemed constructive fraud when it is based on acts, omissions or concealments considered fraudulent and that gives one an advantage against the other because such conduct—though not actually fraudulent, dishonest or deceitful—demands redress for reasons of public policy. Breach of fiduciary duty may occur in insider trading, when an insider or a related party makes trades in a corporation's securities based on material non-public information obtained during the performance of the insider's duties at the corporation. Breach of fiduciary duty by a lawyer with regard to a client, if negligent, may be a form of legal malpractice; if intentional, it may be remedied in equity.

Where a principal can establish both a fiduciary duty and a breach of that duty, through violation of the above rules, the court will find that the benefit gained by the fiduciary should be returned to the principal because it would be unconscionable to allow the fiduciary to retain the benefit by employing his strict common law legal rights. This will be the case, unless the fiduciary can show there was full disclosure of the conflict of interest or profit and that the principal fully accepted and freely consented to the fiduciary's course of action.

Remedies will differ according to the type of damage or benefit. They are usually distinguished between proprietary remedies, dealing with property, and personal remedies, dealing with pecuniary (monetary) compensation. Where concurrent contractual and fiduciary relationships exist, remedies available to the plaintiff beneficiary is dependent upon the duty of care owed by the defendant and the specific breach of duty allowing for remedy/damages. The courts will clearly distinguish the relationship and determine the nature in which the breach occurred.

Constructive trusts

Where the unconscionable gain by the fiduciary is in an easily identifiable form, such as the recording contract discussed above, the usual remedy will be the already discussed constructive trust.

Constructive trusts pop up in many aspects of equity, not just in a remedial sense, but, in this sense, what is meant by a constructive trust is that the court has created and imposed a duty on the fiduciary to hold the money in safekeeping until it can be rightfully transferred to the principal.

Account of profits

An account of profits is another potential remedy. It is usually used where the breach of duty was ongoing or when the gain is hard to identify. The idea of an account of profits is that the fiduciary profited unconscionably by virtue of the fiduciary position, so any profit made should be transferred to the principal. It may sound like a constructive trust at first, but it is not.

An account of profits is the appropriate remedy when, for example, a senior employee has taken advantage of his fiduciary position by conducting his own company on the side and has run up quite a lot of profits over a period of time, profits which he wouldn't have been able to make otherwise. The fiduciary in breach may however receive an allowance for effort and ingenuity expended in making the profit.

Compensatory damages

Compensatory damages are also available. Accounts of profits can be hard remedies to establish, therefore, a plaintiff will often seek compensation (damages) instead. Courts of equity initially had no power to award compensatory damages, which traditionally were a remedy at common law, but legislation and case law has changed the situation so compensatory damages may now be awarded for a purely equitable action.

Fiduciary duty and pension governance

Some experts have argued that, in the context of pension governance, trustees have started to reassert their fiduciary prerogatives more strongly after 2008 – notably following the heavy losses or reduced returns incurred by many retirement schemes in the wake of the Great Recession and the progression of ESG and Responsible Investment ideas: "Clearly, there is a mounting demand for CEOs (equity issuers) and governments (sovereign bond issuers) to be more 'accountable' ... No longer ‘absentee landlords', trustees have started to exercise more forcefully their governance prerogatives across the boardrooms of Britain, Benelux and America: coming together through the establishment of engaged pressure groups." However, in the United States, there are questions whether a pension's decision to consider factors such as how investments impact contributors' continued employment violate a fiduciary duty to maximize the retirement fund's returns.

Pension funds and other large institutional investors are increasingly making their voices heard to call out irresponsible practices in the businesses in which they invest 

The Fiduciary Duty in the 21st Century Programme, led by the United Nations Environment Programme Finance Initiative, the Principles for Responsible Investment, and the Generation Foundation, aims to end the debate on whether fiduciary duty is a legitimate barrier to the integration of environmental, social and governance (ESG) issues in investment practice and decision-making. This followed the 2015 publication of "Fiduciary Duty in the 21st Century" which concluded that "failing to consider all long-term investment value drivers, including ESG issues, is a failure of fiduciary duty". Founded on the realization that there is a general lack of legal clarity globally about the relationship between sustainability and investors’ fiduciary duty, the programme engaged with and interviewed over 400 policymakers and investors to raise awareness of the importance of ESG issues to the fiduciary duties of investors. The programme also published roadmaps which set out recommendations to fully embed the consideration of ESG factors in the fiduciary duties of investors across more than eight capital markets. Drawing upon findings from Fiduciary Duty in the 21st Century, the European Commission High-Level Expert Group (HLEG) recommended in its 2018 final report that the EU Commission clarify investor duties to better embrace long-term horizon and sustainability preferences.

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