Broad group of public interest and labor organizations applaud the Dept. of Labor’s push to protect Americans’ retirement savings

Financial Reform Newsletter September 24, 2014   Broad group of public interest and labor organizations applaud the Dept. of Labor’s push to protect Americans’ retirement savings: Millions of hardworking Americans who have spent years saving for retirement are receiving financial guidance from professional advisers who are not obligated to act in …

Broad group of public interest and labor organizations applaud the Dept. of Labor’s push to protect Americans’ retirement savings:

Financial Reform Newsletter September 24, 2014   Broad group of public interest and labor organizations applaud the Dept. of Labor’s push to protect Americans’ retirement savings: Millions of hardworking Americans who have spent years saving for retirement are receiving financial guidance from professional advisers who are not obligated to act in …

CSRwire: The Failure of Fiduciary Duty: A Ready-to-Use Corporate Umbrella?

  Daily News Alert   The Failure of Fiduciary Duty: A Ready-to-Use Corporate Umbrella? “Companies that use the excuse of “fiduciary duty” to avoid good corporate behavior aren’t serving their investors well.” It used to be that the relationship between a stockowner and a company was clear. You invested money, …

ShareAction (formerly FairPensions) welcomes the announcement of the terms of reference of the Law Commission’s review into fiduciary duty.

ShareAction: Review of investors’ duties a ‘major step forward’ ShareAction has welcomed Vince Cable’s announcement of the terms of reference for the Law Commission’s review of investors’ fiduciary duties. The announcement, made as the Secretary of State appeared before a Select Committee inquiry into the Kay Review, represents the implementation …

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 …

Fiduciary duty and clients’ long-term interests: UK initiatives launching this Spring

Network for Sustainable Financial Markets has posted a new item, ‘Fiduciary duty and clients’ long-term interests: UK initiatives launching this Spring’ Several initiatives to increase understanding of the issue of fiduciary duty and acting in clients long-term interests are being rolled out, with NSFM participants at the forefront. As FTfm …

Patagonia Registers as First California Benefit Corporation

Patagonia Registers as First California Benefit Corporation After ‘Year of the Protester’, Business Leaders Embrace Positive Alternative Submitted by: B Lab/B Corporation   SACRAMENTO, Calif., Jan. 03 /CSRwire/ – Today, Patagonia became the first company in California to elect benefit corporation status. Patagonia founder Yvon Chouinard led the largest group …

The Ambachtsheer Letter – November/December 2011

Earlier this year, we were invited by the UK’s FairPensions organization to give a lecture in the Houses of Parliament. The event took place this past November 15. It provided an opportunity to place Keynes’ insights on faux vs. functional capitalism, and Peter Drucker’s on the special role of retirement …

Broadening Fiduciary Duty – Flexible Corp And Benefit Corp Explained

Editor’s note: The New York Times is finally catching up with this story. See “A Scorecard for Companies with a Conscience” and “Ethical Businesses with a Better Bottom Line”. BROADENING FIDUCIARY DUTY IN CALIFORNIA One proposal unleashes capital for impact investing and the other creates more accountability for corporate social …