Democratizing Pension Funds
Corporate Governance and Accountability
Published on 7. May 2008
Book
Hardback
280 pages
978-0-7748-1397-6 (ISBN)
Description
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.
Reviews / Votes
"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"More details
Language
English
Place of publication
Vancouver
Canada
Target group
Professional and scholarly
College/higher education
Product notice
sewn/stitched
Dimensions
Height: 226 mm
Width: 157 mm
Thickness: 20 mm
Weight
499 gr
ISBN-13
978-0-7748-1397-6 (9780774813976)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Person
Ronald B. Davis is an associate professor in the Faculty of Law at the University of British Columbia.
Content
Introduction
1 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 Corporations
4 Corporate Law's Opportunities and Limitations for Pension Fund Corporate Governance Activity
5 The Enhancing and Constraining Effects of Securities Regulation on Corporate Governance by Pension Funds
6 Designing Democratic Corporate Governance Accountability Options
7 Conclusion: Pension Funds Must Be Accountable to Plan Members for Using Corporate Governance to Enhance Corporate Environmental, Social, and Governance Performance
Notes
Bibliography
Index
1 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 Corporations
4 Corporate Law's Opportunities and Limitations for Pension Fund Corporate Governance Activity
5 The Enhancing and Constraining Effects of Securities Regulation on Corporate Governance by Pension Funds
6 Designing Democratic Corporate Governance Accountability Options
7 Conclusion: Pension Funds Must Be Accountable to Plan Members for Using Corporate Governance to Enhance Corporate Environmental, Social, and Governance Performance
Notes
Bibliography
Index