Archive | January, 2011

NSFM Fiduciary Duty Working Group Materials Highlighted in UNPRI Webinar

NSFM Fiduciary Duty Working Group Materials Highlighted in UNPRI Webinar: The United Nations Principles for Responsible Investment (UNPRI) Academic Network hosted a webinar on 19 January 2011 which featured work done by the NSFM Fiduciary Duty Working Group.  The NSFM presentation examines how outdated factual assumptions that underlie late twentieth century interpretations of fiduciary duty, together with the […]

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NSFM opinion: Barriers to voting must come down

Laureen Tessier writes: At a time when investors are committing to stewardship and voting policies, we should wonder why executing a vote is such a complex procedure and particularly why it is such an expensive one. The investment community is under pressure to disclose how it votes and where. Institutional investors are now expected to […]

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NSFM Participants Submit Comments to UK Government on Fostering a Long-Term Focus

In response to a UK Department for Business Innovation & Skills public consultation on A Long-Term Focus for Corporate Britain, NSFM participants have submitted a comment letter on the impact of short-termism in the financial markets.  The NSFM letter suggests exploring changes in asset manager contract mandates, providing additional guidance on interpretation of fiduciary duty, development of […]

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Call for comments on human rights framework

NSFM participant Ed Waitzer endorses a proposed UN policy framework to manage business and human-rights challenges, and calls on those involved or interested in the challenges of corporate social responsibility to give the framework their practical support. The framework was developed by John Ruggie, a professor at Harvard’s Kennedy School of Government. Mr. Ruggie is […]

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Long-termism, Davos and the Blame Game

Catherine Jackson and Keith Johnson write: An unusually candid comment from Unilever CEO, Paul Polman, was highlighted by Financial Times columnist Michael Skapinker in a November 22, 2010 op-ed article.  “Unilever has been around for 100-plus years. We want to be around for several hundred more years. So if you buy into this long-term value-creation […]

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