Applying Fiduciary Duties to System Level Investing | Maurits Dolmans, TIIP 2026 Symposium

Fiduciary Duty in Focus Applying Fiduciary Duties to System-level Investing   Tools and dashboards are only actionable if they are grounded in fiduciary clarity. Maurits Dolman (Cleary Gottlieb Steen & Hamilton LLP, speaking in his own capacity) and George Suttles (Commonfund Institute) examine how fiduciary duty—properly understood—requires investors to consider risks and responsibilities that arise at the level of the financial system itself. Drawing on trust and pension law and comparative fiduciary practice, they argue that prudence today must account for foreseeable, material systemic risks such as climate change, inequality, and financial instability. The session makes the case that system-level investing is not a departure from fiduciary duty, but it’s necessary evolution in an era where long-term portfolio performance depends on system resilience.   Discussants: Maurits Dolmans, Senior Counsel @ Clearly Gottlieb George Suttles, Executive Director @ Commonfund Institute