beneficiaries, and any issues of intergenerational fairness between them as well as where the ultimate risk-bearing lies within the institutional investor. The ICGN has summarised the key obligations of

%20Investor%20Responsibilities_2013.pdf matter of a few years but whole generations. Such generational differences create real challenges for the governing bodies charged with acting in the interests of all

%B8%99%E0%B8%97%E0%B8%A3%E0%B8%B1%E0%B8%9E%... ICGN%20Institutional%20Investor%20Responsibilities_2013.pdf matter of a few years but whole generations. Such generational differences create real