Does 'greenliness' really matter in investment?

As markets tumble and discounts on many investment companies widen, investors should be much more co...

As markets tumble and discounts on many investment companies widen, investors should be much more concerned whether the directors of the companies they invest in are working on their behalf. Over the past few years there have been many improvements to corporate governance standards. To my mind that trend went overboard when the government introduced the concept of directors' responsibility to stakeholders. Most investment companies do not have employees and pensioners. They do not make or sell anything so "greenliness" is not a particularly relevant virtue. Investment companies should b...