December 2010: Building the Narrative

Transformational Concepts of the Responsibilities of Investors

Current narratives and definitions of successful investment in the financial community have been shown to be inadequate, particularly in light of the recent financial crisis. In this inaugural session of the Convening Series, the focus was on examining ways in which investment policies and practices can be best formulated to promote long-term wealth creation and take into account beneficiaries’ complete range of needs. The role and effectiveness of curricula as a delivery mechanism for appropriate narratives, policies, and practices  is also a topic of discussion.

The convening was held on December 9, 2010 at the Harvard Kennedy School, attended by 35 participants from the academic, money management, pension fund, financial consulting, and think tank worlds.

View the summary of the convening here.

Additional Readings

Domini, Amy. “Financial Markets: For whose benefit?” OECD Observer, 273 (June 2009), available here.

Hawley, J., and Williams, A. “Universal Owners: Challenges and Opportunities.” Corporate Governance: An International Review, 15 (2007), pp. 415-420.

Johnson, Keith and Adam Kanzer. Letter to Phyllis Borzi on Department of Labor Interpretive Bulletins related to ETIs and Shareholder Rights. February 17, 2010. Download PDF.

Letter #293, Expectations Markets or Real Markets? Which Should Pension Funds Invest In?” The Ambachtsheer Letter, (June 2010) available here.

Youngdahl, Jay. “Fiduciary Duty: Challenges to the Traditional View.” Presented at the Program for Advanced Trustee Studies at Harvard Law School on July 28, 2010. Download PDF.