Thursday January 19th 2017

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Business for Democracy and ASBC Lead Effort to Overturn Citizens United v. FEC

The Business for Democracy Campaign, which the American Sustainable Business Council is spearheading in partnership with Free Speech for People is tackling the compelling issue of corporate contributions to political campaigns.

The U.S. Supreme Court’s Citizens United v. FEC decision on January 21, 2010 allows corporations to spend unlimited funds to support or oppose candidates for political office, overturning campaign finance laws in place for decades. The Business for Democracy campaign is an initiative of business leaders and their companies who believe this ruling is in direct conflict with American democratic principles and a serious threat to good government. The campaign supports the four members of the Supreme Court and the 80 percent of Americans who disagree with the decision (Washington Post poll, Feb. 17, 2010).

If you'd like your business to join this effort, you can sign the statement of support here or here.

NSFM Roundtable Explores Risk Management and Fundamental Principles of Fiduciary Duty

Network for Sustainable Financial Markets has posted a new item, ‘NSFM Roundtable Explores Risk Management and Fundamental Principles of Fiduciary Duty

A group of pension fund trustees, senior managers, advisors and academics gathered in Seattle in October, 2012 to discuss the challenges facing pension fund managers and trustees. Participants were asked to temper preoccupation with comparison to peer group practices by adopting a point of view that included balancing allegiance to the inter-generational interests of both young and old pension fund participants.

The ensuing conversation identified a wide range of pension manager concerns that revolve around risk management, prudence and the point of view required of the fiduciaries who govern pension funds.

A full report on the joint NSFM Rotman International Centre for Pension Management Roundtable is available here.

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