The Butler-Sloss case clarifies current law surrounding ethical charity investment. More emphasis is now being placed on charity trustees to balance financial and non-financial considerations.
The recent High Court Judgement recognises that potential conflicts with charitable objects could exist across the investment universe, however it is for trustees to use their own discretion to decide whether a conflict exists. Luke Fletcher, partner at Bates Wells acted for the successful claimants in this ground-breaking case and discusses further with Cazenove Capital.