“Principles for Responsible Investment” Backed by World’s Largest Investors In a historic development for global financial markets, United Nations Secretary-General Kofi Annan was joined by a group of the world’s largest institutional investors, including CalPERS, at the international launch of the Principles for Responsible Investment. The heads of leading institutions from 16 countries, representing more than $2 trillion [...]

Code of Conduct: Windowdressing or Binding? The International Labor Rights Fund (ILRF) filed a class action in Los Angeles Superior Court on behalf of the employees of Wal-Mart’s overseas suppliers to find out. The ILRF argues Wal-Mart’s “Standards for Suppliers,” which specify wages, hours of labor, and environmental conditions constitutes a binding contract. Wal-Mart is likely to [...]

Grade Inflation or Truly Outstanding? Business Week carries an article, Stars of the Boards, outlining recent awards by the Outstanding Directors Institute. “The group presents a list of candidates — nominated by fellow directors — to an advisory board composed of sitting corporate directors and chief executives. They help determine the final list. To make the cut, [...]

Chevedden Proposal to Boeing Shareholder proposal (under Rule 14a-8) submitted to Boeing today in response to Boeing announcing that Mr. James McNerney will be Boeing’s new everything – chief executive, chairman and president. [June 30, 2005] 3 –Chairman of Our Board to Have Oversight Responsibilities Only Stockholders request that our Board of Directors change our [...]

Web posts blamed for firing, according to court documents filed on behalf of Dimitri Papadakos, formerly CEO of Gyrodyne Co. of America. Papadakos seeks $20 million in damages from Gyrodyne and various online posters, including his half brother, Peter Papadakos, a Gyrodyne director at the time. Also named were Peter Pitsiokos, Gyrodyne’s vice, president, corporate [...]