No small change
Subtitle: pension funds and corporate engagement
By: Tessa Hebb.
Publisher: Cornell University Press
Published: 2008
Place of publication: Ithaca
Language: eng
Number of pages: 152
ISBN-13: 9780801446962
Subjects: Pension trusts -- Investments -- United States; Investments -- Moral and ethical aspects -- United States
Description: "In No Small Change, Tessa Hebb examines the ability of pension funds, now the largest single driver of financial markets around the world, to use their ownership position to change corporate practices for the sake of the bottom line and, perhaps, change the world for the better in the process." "At its best, Hebb finds, corporate engagement offers a long-term view of value that both promotes higher ESG standards and adds share value, thus providing long-term benefits to future pension beneficiaries. At its worst it may divert the attention of pension fund officials from their primary responsibility of ensuring the retirement benefits of their members. This book weighs the influence of corporate engagement on firms in an effort to see how the potential from this newly emerging force is being realized."--Jacket.
Notes: Includes bibliographical references and index.
Table of contents: title: Understanding pension fund corporate engagement; title: Intersecting interests; title: The economic inefficiency of secrecy; title: Why do they care?; title: Global standards and emerging markets; title: The way forward.