Has April 1st come early? Was the Gulf of Mexico a bad dream? These might be the first thoughts of an NSFM participant on reading this "amazing" editorial from the Finance Week entitled "CSR detracts from corporate reporting agenda":
The Robert F. Kennedy Center for Justice and Human Rights in Hyannis Port, Massachusetts held a conference entitled 'Exploring New Directions in Fiduciary Duty' on July 28-30, 2010. Keynote speakers included James Wolfensohn, former President of the World Bank; Madeleine Albright, former Secretary of State; and Congressman Rob Andrews, Chair of the House Subcommittee on Health, Employment, Labor and Pensions. NSFM Steering Team Member Keith Johnson participated in the conference, leading a panel called The Case for Broadening Fiduciary Responsibility.
The debate about fiduciary duty is one which NSFM members and others have been pushing whenever and wherever we can, but generally it's in specialist circles and publications. This weekend, the (UK) Observer carried an unusually challenging op-ed about what should be the real fiduciary duty of asset owners.
NSFM mamber Friedrich Mostboeck, Vice-Chairman of the OVFA (Austrian Association for Financial Analysis and Asset Management, http://www.oevfa.at) has been carefully watching the financial and economic crisis over the past three years
The Network for Sustainable Financial Markets (NSFM) has today released “Wealth Management in a Post-GFC World - Promoting best practice, innovation & sustainable outcomes for industry, consumers & society”.
Paul Woolley has had a varied life in the financial and economic worlds. He started as a stockbroker, became an academic (economist), rose up the ranks at the IMF, went into banking (as a board member), and then became a key player in GMO, the well respected fund manager. And now he's back in academia as the funder, founder and director of the Centre for Market Dysfunctionality at LSE.