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.

Democratizing Pension Funds: Corporate Governance and Accountability

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Hardback by Ronald B. Davis

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This book will spark a debate concerning the need for democracy and accountability in the governance of trillions of dollars... Read more

    Publisher: University of British Columbia Press
    Publication Date: 07/05/2008
    ISBN13: 9780774813976, 978-0774813976
    ISBN10: 0774813970

    Number of Pages: 280

    Non Fiction , Law , Education

    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.

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