Funds call for donation disclosure

clock

US - Five New York City pension funds have submitted shareholder proposals asking 10 companies to disclose their policies and procedures for all political contributions using corporate money.

Eight of the companies contributed US$667,500 in soft money to political activities during 2003-2004, the last fully reported election cycle. The proposals call on companies to prepare a report ...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Central & South America

ING sells LatAm business for €2.7bn

LATIN AMERICA - Dutch firm ING Groep has agreed to sell its Latin America pension and life insurance business for €2.7bn ($4bn) to Colombian firm Grupo de Inversiones Suramericana (GRUPOSURA).

clock 26 July 2011 •

Puerto Rico credit rating may be cut over pensions

PUERTO RICO - Puerto Rico's A3 general-obligation debt rating is under review for a possible downgrade because of pension strains, Moody's Investors Service said.

Alison Vekshin and Simone Baribeau at Bloomberg News
clock 04 May 2011 •

LatAm assets to hit $1.4trn

LATIN AMERICA - Assets in Latin American pension and mutual funds will hit $1.4trn over the next five years, with Chile emerging as the most attractive market for asset managers, a new report shows.

clock 02 May 2011 •
Trustpilot