Subjects:

Equity and Trusts

Contents:

Chapter 1: Socially Responsible Investment

* Social and historical context

* Defining SRI: key issues

* Measuring and determining an SRI policy

* The case for SRI

* Future developments

Chapter 2:

Trustees Investment Duties

* Fiduciary powers: general principles

* The common law ordinary prudent man of business rule

* The American prudent investor rule

* Special duties of charity trustees

* Charity Commission Guidance

Chapter 3:

Socially Responsible Investment By Charities

* Trustee Act 2000: the statutory duty of care

* The leading cases on SRI: practical implications

* Preserving a charity’

s good name

* Corporate governance and product endorsement

* SRI as an instrument of political change

Chapter 4:

Socially Responsible Investment By Pension Schemes

* Pensions Act 1995: the SRI regulations

* Financial and non-financial benefit

* Cowan v Scargill revisited

* Shareholder activism and the Myners Report

* Pensions Act 2004: trustee knowledge and understanding

The book also includes the Just Pensions survey Do UK Pension Funds Invest Responsibly?, first published in 2002, with an update by the editor.

Increasingly, institutional trustees have to resolve when and how to take social responsibility into account when determining their investment policy. Socially Responsible Investment presents charity and pension scheme trustees with both opportunities and potential pitfalls which they cannot ignore.

This book is a comprehensive guide which describes the development and current scope of SRI and explains the legal principles which should guide trustees and their advisers in their approach to this important subject.