Pension funds own significant shares of the world's largest corporations. However, the beneficiaries of pensions often have little or no say in corporate governance issues - in spite of their status as owners and even though the environmental, social, and economic performance of these corporations will impact not only their retirement accounts but also the very world into which they will retire. Democratizing Pension Funds analyzes the reasons for this passivity, pointing to conflicts of interest with respect to corporate governance activity in pension plans and also to limitations in corporate, securities, and pension law. The author moves the debate further by arguing that these conflicts of interest can be addressed by giving plan members a voice in pension plan governance as well as making the pension plan accountable to them. He also outlines the legal reforms necessary to implement accountability. This book will spark a debate concerning the need for democracy and accountability in the governance of trillions of dollars of plan members' pension plan assets and the legitimacy of the present, mostly unaccountable, corporate governance decisions made by these plans.

Book Information
ISBN 9780774813976
Author Ronald B. Davis
Format Hardback
Page Count 280
Imprint University of British Columbia Press
Publisher University of British Columbia Press
Weight(grams) 500g