Democratizing Pension Funds

Corporate Governance and Accountability

Inbunden, Engelska, 2008

1 339 kr

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This book will spark a debate concerning the need for democracy and accountability in the governance of trillions of dollars of plan members' pension plan assets and the legitimacy of the present, mostly unaccountable, corporate governance decisions made by these plans. The author analyzes the reasons for this passivity, pointing to conflicts of interest with respect to corporate governance activity in pension plans and also to limitations in corporate, securities, and pension law. He argues that plan members should be given a voice in pension plan governance and the plans made accountable, and he outlines the legal reforms necessary.

Produktinformation

Utgivningsdatum2008-05-07
Mått159 x 235 x 20 mm
Vikt500 g
FormatInbunden
SpråkEngelska
Antal sidor280
FörlagUniversity of British Columbia Press
ISBN9780774813976

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Introduction1 Corporate Investment by Employee Pension Funds: A Deal with the Devil?2 Pension Fund Assets and Plan Members: A Question of Ownership?3 The Duties of Pension Fund Managers towards Plan Members with Respect to the Governance of Investee Corporations4 Corporate Law's Opportunities and Limitations for Pension Fund Corporate Governance Activity5 The Enhancing and Constraining Effects of Securities Regulation on Corporate Governance by Pension Funds6 Designing Democratic Corporate Governance Accountability Options7 Conclusion: Pension Funds Must Be Accountable to Plan Members for Using Corporate Governance to Enhance Corporate Environmental, Social, and Governance PerformanceNotesBibliographyIndex

"Professor Davis has a rare combination of expertise - labor law, corporate law, trust law, securities law, and pension law... This book provides a clear explanation of many important legal concepts from vastly different fields and brings them together in a way that is compelling... I hope policy makers listen to Professor Davis because... the manuscript addresses one of the most important economic/social/political issues of our time. - Marleen O'Connor, Stetson University College of Law"