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Findings of Chamber Report on Proxy Voting are Challenged (07/03/09)

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UN PRI Stresses Disclosure
Firms and fund managers who have signed onto the United Nations’ Principles for Responsible Investment (UN PRI) could be expelled if they don’t follow through with its disclosure provisions.

Last week UN PRI chairperson Donald MacDonald said that although only a few organizations haven’t responded to the PRI’s survey of ESG practices, the UN PRI is “actively” considering excluding the signatories who aren’t satisfying its requirements. The UN PRI is also considering more comprehensive analysis of the funds that join with the Principles and a stricter certification process.

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