Hmm. I'm not sure that everyone will agree on all of those values you
espouse, Pine - they are laudable goals but as an organisation that also
aims to be "neutral", moving in a left-of-centre direction might be frowned
on by some.
Limiting investment options would also limit the returns on those
investments - which would impact our mission (might be good, might be bad)
- and limiting returns on investments would also in turn impact a lot of
other things, for example, the recommended figures that the WMF and
Chapters hold in reserve.
A complicated issue.
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On 15 October 2014 15:52, Nathan <nawrich(a)gmail.com> wrote:
On Wed, Oct 15, 2014 at 10:30 AM, Marc A. Pelletier
On 10/15/2014 04:52 AM, Federico Leva (Nemo)
I suggest that you need a stricter definition to
It's also highly disputable that the Foundation would be justified in
reducing the fiduciary care it must employ in its investment strategy
for a set of ill-defined objectives that fall entirely outside its
mission - no matter how agreeable those objectives may be to many of the
I'm not a natural fan of "divestment ethics", but I don't know
is much dispute these days that it is possible to fulfill fiduciary duties
*and* invest using values / ethics oriented strategy. Twenty years ago
perhaps it was uncommon, but today ethical (or social responsibility)
investment strategy is common among non-profits and there are many
dedicated funds for the purpose.
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