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Pension Power : Unions, Pension Funds, and Social Investment in Canada / Isla Carmichael.

Author/Creator:
Carmichael, Isla author.
Publication:
Toronto : University of Toronto Press, [2016]
Format/Description:
Book
1 online resource
Contained In:
De Gruyter University Press Library.
Status/Location:
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Details

Subjects:
Capital investments -- Canada.
Deferred compensation -- Canada.
Investments -- Moral and ethical aspects.
Labor unions -- Canada.
Pension trusts -- Investments -- Canada.
Language:
In English.
System Details:
Mode of access: Internet via World Wide Web.
text file PDF
Summary:
Canadian pension fund assets are second in size only to the combined financial assets of the major banks and have become a critical source of capital for national and international markets. Given their tax-exempt status, pension funds can provide the long-term capital needed to build a new economy based on real productivity. The funds are controlled by an intricate web of financial and legal standards but, as deferred wages, are largely beyond the control of workers or their unions.In Pension Power, Isla Carmichael argues that unions could ? and should ? have a new role to play in the economy by gaining control over their members? pension funds. She demonstrates how the financial industry?s access to the capital goes against the interests of working people, and she provides convincing evidence that union management of pensions would better protect benefits and offer support in building infrastructure in communities and protecting the environment. This is a work of singular commitment to a fundamental shift in the structure of managing one of Canada?s largest pools of capital.
Contents:
Frontmatter
Contents
Tables and Figures
Preface and Acknowledgments
Introduction
Part 1
1. The Development of Unions and Workplace Pension Plans
2. The 'Prudent Man' Rule and Maximum Rate of Return
3. The Expansion of Capital Markets
4. Shareholder Activism
5. Unions, Social Investment, and Corporate Accountability
6. Value, Capital Accumulation, and Radical Accounting
7. Venture Capital, Economically Targeted Investment, and Economic Development
Part 2
8. A Case Study of Concert
9. Carpenters and Concert: Social Accounting Models
10. Collingwood and Concert: Union and Community
Part 3
11. Accounting for Social Investment
12. Two Models for Union Control of Pension Funds
13. Education and Research
14. Future Research
Conclusion
Appendix: Canadas Top 23 Pension Funds
References
Cases Cited
Index
Notes:
Description based on online resource; title from PDF title page (publisher's Web site, viewed 08. Jul 2019)
Contributor:
De Gruyter.
ISBN:
9781442678347
OCLC:
1013938960
Publisher Number:
10.3138/9781442678347 doi
Access Restriction:
Restricted for use by site license.