The Prince’s Accounting for Sustainability Project has announced 5 sustainability principles which has been signed by 16 global accounting bodies.

The Project was launched by His Royal Highness the Prince of Wales in 2006.  The forum’s principles promote “connected reporting” - that  connects an organization’s sustainability impacts with its financial performance more clearly and consistently - and commits participants to collaborative research and training in this area.  The signatories include the American Institute of Certified Public Accountants. Details can be found here.

NSFM Working Paper No. 2 on modernizing pension fund legal standards was featured in the Harvard Law School Corporate Governance Blog on June 27, 2009 - click here

NSFM participant, Stephen M. Davis, joined with two former SEC Chairmen, a former President of the World Bank and corporate governance guru Ira Millstein, in calling for prompt implementation of ten key reforms that have been under consideration for years and which would enhance accountability and transparency in the capital markets.  The Roadmap, which was released during the Yale Governance Forum on June 11, 2009, also recommends consideration of additional regulatory reforms to deal with underlying causes of the financial crisis through a process linked with deliberations by President Obama’s Financial Crisis Inquiry Commission. millstein-center-roadmap-for-reform.

The Obama Administration has released its recommendations for changes in the regulation of the financial services industry. The recommendations are attached - obama-fin-reg-reform-summary .

Stephen M. Davis and Adam Kanzer, both participants in the Network for
Sustainable Financial Markets, have been appointed to a new SEC Investor
Advisory Committee.  The Committee’ charter is broad and includes
advising the SEC on:
(a) matters of concern to investors in the securities markets;
(b) investor perspectives on current, non-enforcement, regulatory
issues; and
(c) information and recommendations to the Commission regarding the
Commission’s regulatory programs from the point of view of investors.

A copy of the SEC’s press release announcing creation of the Committee
is available http://www.sec.gov/news/press/2009/2009-126.htm