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Model Mandate Disclaimers


Published by the International Corporate Governance Network (ICGN) and the Global Investors for Sustainability and Development Alliance (GISD) June 2022.

All rights reserved. Dissemination of the contents of this paper is encouraged. Please give full acknowledgement of the source when reproducing 
extracts in other published works.


This submission reflects the views of the GISD Alliance itself rather than those of any one member or observer organisation. Individual GISD Alliance members and observer institutions may have views that differ from those expressed in this document.

The recommendations, guidance, findings, interpretations and conclusions expressed in this Model Mandate do not necessarily represent the views of the United Nations, its funds and programmes, or other UN entities involved with the GISD Alliance or Member States of the United Nations.

Under no circumstances shall the United Nations be liable for any loss, damage, liability or expense incurred or suffered that is claimed to have resulted from the use of this Model Mandate, including, without limitation, reliance upon the recommendations, guidance and findings contained herein, or any fault, error or omission, with respect thereto.

ICGN and the GISD Alliance accept no responsibility for loss occasioned by any person acting or refraining from action as a result of any views expressed in these pages. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation.

This Model Mandate provides sample (standard) clauses which may or may not be used by asset owners and their managers. They are drafted with care. However, it should be noted that these clauses are standard clauses and, as such, of a high level nature. These draft sample (standard) clauses and the advice how to use them are not be regarded as legal advice. These clauses must be negotiated and tailored to particular circumstances such as applicable jurisdiction(s), applicable mandatory law and regulations and differences in interpretation which all may vary from time to time and from case to case. The clauses become legally binding once they are incorporated into an investment management agreement (IMA) or similar documentation that is executed by the relevant parties.

British Library Cataloguing in Publication Data

ISBN 978-1-907387-28-9

© ICGN & GISD Alliance