Nova 401(k) Associates
Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
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|Whose Responsibility is Socially Responsible Investing?|
Todd Berghuis, for Ascensus
Nov. 20, 2015
"Two things, at least, are troublesome here. One is EBSA's inconsistency over time in the emphasis it places on fiduciary caution, and the embrace of investment considerations that have little if anything to do with generating returns for participants and beneficiaries. Second is the unmentioned, but no less real, matter of just what is 'socially responsible.' One need look no farther than America's democratic political system to know that there is no fool-proof consensus on what is moral, ethical, or socially responsible."
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