» Context

The UN mantra becomes “principled pragmatism”, and the importance of principled decision-making is underscored from regulations to industry guidelines to risk-management programs, including the balance of principles and rules for effective governance.

» In the News [please contact us for further archival references]
CCGG (Canadian Coalition for Good Governance) has been an early leader in clarifying the high standards expected for its Canadian members to commit institutional investments, including an annual update [see]

CCPIB (Canadian Pension Plan Investment Board) representing the Canadian federal national pension obligations has adopted an “Independence. Accountability. Performance.” trident and updated its approach in 2007 with a Policy on Responsible Investing under the general principle of “responsible environmental, social and governance (ESG) factors can generally have a positive influence on long-term financial performance.” []

02Jun07 Economist Leaders @ p.15 Owner-Drivers: A Good Thing, On Balance.
A combination of unlikely allies are aligned in asserting the rights of shareholders and putting executives under “an increasingly harsh spotlight”. From wolfish hedge funds driving short-term results, to corporate governance types concerned with issues of integrity and long-term returns, to social activists on points of principle.
“Will shareholders micromanage corporate strategy? A few daft ones will try, but most know they lack intimate knowledge of companies and their markets.” Sensible shareholders will focus on board accountability.

» Briefing Notes - © The Governance Counsel™ (2007)