| Description |
1 online resource (320 pages) |
| Series |
The Responsible Investment Series |
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Responsible investment series.
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| Contents |
Cover; Half Title; Title; Copyright; Dedication; Contents; Figures, tables, and boxes; Foreword; Responsible investment in the 21st century: foreword; Acknowledgments; Introduction; Seven drivers; Objectives of this Handbook; A note to trustees; The importance of good capital stewardship; The power of workers' capital; Key characteristics of responsible investments; Responsible investments, good corporate governance and rates of return; References; Section I: The momentum toward responsible investments; 1. Responsible investments in the U.S.A |
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1.1 A history of labor's responsible investment strategies1.1.1 Rebuilding the built environment; 1.1.2 Revitalizing the industrial commons; 1.1.3 Growing the clean economy; 1.1.4 Engaging in active ownership; 1.2 Historical U.S. legal framework for alternative investments-economically targeted investments (ETIs); 1.3 Takeaways; 1.4 References; 2. The global responsible investment movement and the launch of the UN PRI; 2.1 Labor's responsible investment strategies internationally; 2.1.1 The Netherlands; 2.1.2 Sweden; 2.1.3 Great Britain; 2.1.4 Australia; 2.2 The emergence of the UN PRI |
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2.3 Takeaways2.4 References; Section II: Pension fund management, governance and fiduciary considerations; 3. Pension fund management; 3.1 The investment value chain; 3.2 Key determinants of pension management; 3.2.1 Developing an investment policy statement (IPS); 3.2.2 Asset allocation; 3.2.3 Setting actuarial assumptions; 3.3 Takeaways; 3.4 References; 4. Pension fund structures and governance; 4.1 The three-legged stool; 4.2 Pension structures; 4.2.1 DB vs. DC plans; 4.3 Pension governance; 4.3.1 Principles of good fund governance; 4.3.2 Good fund governance and responsible investments |
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4.4 Takeaways4.5 References; 5. Reclaiming fiduciary duty; 5.1 A brief history of fiduciary duty; 5.2 ERISA rules for fiduciary duty; 5.3 A short summary of ERISA fiduciary responsibilities; 5.3.1 Exclusive benefit rule: acting solely in the interest of plan participants and their beneficiaries and with the exclusive purpose of providing benefits to them; 5.3.2 Prudence duty: carrying out duties with care and forethought; 5.3.3 Plan document rule: following the plan (unless inconsistent with ERISA); 5.3.4 Diversification rule: diversifying plan investments |
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5.3.5 Fair costs rule: paying only reasonable plan expenses5.4 The faulty theory of solely maximizing profits; 5.5 Integrating ESG factors into fiduciary responsibility; 5.6 Takeaways; 5.7 References; Section III: Responsible investment approaches and asset allocation; 6. Responsible corporate governance and active ownership; 6.1 What is good corporate governance?; 6.2 Why is participation in corporate governance important?; 6.2.1 There is a strong business case for good corporate governance; 6.2.2 Well-governed companies are more likely to respect workers' rights |
| Notes |
6.2.3 It pays to give workers a voice in the governance of corporations, both as employee stakeholders and as investors |
| Bibliography |
Includes bibliographical references at the end of each chapters and index |
| Notes |
Print version record |
| Form |
Electronic book
|
| Author |
Malhotra, Annie
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|
Sullivan, Rory
|
| ISBN |
9781351283632 |
|
1351283634 |
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