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(Excerpt) LAWS OF NATURE
Over billions of years nature has evolved sustainable systems of governance based on survival of the fittest. Living creatures cannot sustain their existence without self-regulation and self-governance. This was achieved before the existence of humans, their governments, laws, regulations, regulators, codes, auditors, independent directors, rating agencies, law courts and manifold layers of experts, advisors and even meetings like we are having today!
Abstract and Main Conclusion: This paper investigates whether market players appreciate socially responsible firms better than conventional ones with the view on corporate social responsibility factors.
The Working Group believes that market efficiency can be enhanced by encouraging financial analysts to pay attention not only to conventional financial factors but also to non-financial factors such as environmental, social, and governance (ESG) criteria and thereby evaluating true corporate value. Thus, we conducted a statistical analysis of the relationship between corporate social performance (CSP) and corporate financial performance (CFP).
As you can see from the carefully hidden little section at the lower right of the Discussion Forum page, BDTI is preparing a section on ESG and responsible investment. (Please note that his is still a work in progress; so any ideas and additional information are welcome, as longas you help do the work tosummarize, organize etc., as this is a user-generated contents site….)
Marina Welker and David Wood have written a perceptive article in Current Anthropology, Shareholder Activism and Alienation, that analyzes some of the contradictions thatwe are now realizing our current capital market system contains. Introduction:
The followingentry appeared as part of GovernanceMetrics International’s GMI Blog. GMI is the leading independent provider of global corporate governance and ESG ratings and research. Corporate stakeholders – including leading investors, insurers, auditors, regulators and others – use GovernanceMetrics services to identify and monitor risks related to non-financial measures covering key environmental, social, governance and […]
I thought it might be illuminating to others if I wrote down why I founded BDTI, why it is a nonprofit organization, and why I donated a large portion of my wealth to it.
MSCI, the parent company of ISS, recently announced that Gary Retelny, a member of MSCI’s Executive Committee and its Corporate Secretary, has been appointed President of ISS. As ISS is clearly an influential force in corporate governance developments, we asked Mr. Retelny about his new position.
Davis Polk: What are your primary goals and expectations for ISS as we approach the 2012 proxy season?
The following postin the Harvard Forum on CorporateGovernance and FinancialRegulation,is from Heidi Welsh, Executive Director at the Sustainable Investments Institute (Si2), with input from Tim Smith, Senior Vice President at Walden Asset Management, and was adapted from the executive summary of a longer report on the results of the 2011 proxy season published by Si2. […]