The 2022 Frankel Fiduciary Prize has been awarded to Rutgers Law Professor Arthur Laby. He was honored during an Institute for the Fiduciary Standard virtual program on September 22.
The Institute established the Frankel Fiduciary Prize in 2013. Named after Professor of Law Emerita Tamar Frankel of the Boston University School of Law, the Prize is awarded annually to a person who has made significant contributions to the preservation and advancement of fiduciary principles in public life.
"Professor Arthur Laby has unearthed and enriched our knowledge of relationships, and our reliance on each other and a guide for our future dealings with each other," remarked Professor Frankel. "His work will serve to guide us for generations to come. These are difficult times for many people, and they may be driven to resort to dishonest and unreliable uses of the power they might possess. Professor Laby’s work is very timely in leading not only this country but other countries, as well as balancing, maintaining and creating both laws and cultures of fair relationships among their people."
The Selection Committee considers nominations of individuals whose work in the public or private sectors has made significant contributions to preserving or advancing fiduciary principles in public life, or to educating the public about issues related to the fiduciary standard. The Selection Committee considers a broad range of candidates, including regulators, political leaders, academics, journalists, advocates, and practitioners.
Professor Laby is Co-director of the Rutgers Center for Corporate Law and Governance and a well-renowned expert in securities law, the regulation of investment management, and the fiduciary relationship. His research focuses on investment management regulation, the duties of market participants, and the fiduciary obligation.