While shareholders are focusing on executive compensation, they aren’t promoting fair pay and decent work throughout their companies, according to a new report
As the understanding of both the tangible and intangible benefits of CSR policies grows, organizations are folding them into their benefits and pension plans in the form of volunteer programs, employee-driven charitable initiatives and pension plan investment policies.
Capping executive pay on its own is a limited response to a structural problem. Limiting a few peoples’ income at the top end does not guarantee that the dollars saved will be channelled towards measures that improve economic outcomes for the rest of the workforce.
Institutional investors welcome the Government of Canada’s commitment to begin consultation on supply chain due diligence legislation in 2019. Such legislation will help the private sector identify and root out modern slavery and child labour in business activity.
Liberal MP John McKay tabled a private member’s bill, known as C-423 or the Modern Slavery Act, in the House of Commons on Thursday before it breaks for the winter.
Advisor’s Edge: The Shareholder Association for Education and Research (SHARE), is calling on federal policymakers to adopt measures to protect workers’ retirement savings.