(Capstone Publishing Limited, 2001)
The New Global Investors explains that pension funds have a fiduciary responsibility to provide retirement security for plan participants, and plan trustees are legally responsible to invest in their beneficiaries’ best interest. Plan sponsors therefore have a duty to demand that managements of the companies in their portfolios are not only working effectively to maximize profits today, but also acting in a socially and environmentally responsible manner to ensure sustainable value for the future.
