President Trump’s Executive Order and Shareholder Engagement on Climate Change

ERISA, the 1974 law that governs pension funds, recognizes that the third parties who manage those funds might be tempted to make decisions that were more in their interests than the interests of the people who were depending on them to make good decisions about their investments. And so the law makes it clear that all decisions are to be made “for the exclusive benefit of plan participants.” But it was not until the “ Avon letter “ of February 23, 1988 that the Labor Department made it clear that the “exclusive benefit”…

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Nell Minow

Nell Minow

1.4K Followers

Movie critic, corporate critic and shareholder advocate, Contributing Editor at @ebertvoices plus @moviemom, and #corpgov #movies and editor at @miniverpress