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.
Richard Symonds
Wikimedia UK
0207 065 0992
Wikimedia UK is a Company Limited by Guarantee registered in England and
Wales, Registered No. 6741827. Registered Charity No.1144513. Registered
Office 4th Floor, Development House, 56-64 Leonard Street, London EC2A 4LT.
United Kingdom. Wikimedia UK is the UK chapter of a global Wikimedia
movement. The Wikimedia projects are run by the Wikimedia Foundation (who
operate Wikipedia, amongst other projects).
*Wikimedia UK is an independent non-profit charity with no legal control
over Wikipedia nor responsibility for its contents.*
On 15 October 2014 15:52, Nathan <nawrich(a)gmail.com> wrote:
On Wed, Oct 15, 2014 at 10:30 AM, Marc A. Pelletier
<marc(a)uberbox.org>
wrote:
On 10/15/2014 04:52 AM, Federico Leva (Nemo)
wrote:
I suggest that you need a stricter definition to
start with.
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
volunteers.
-- Marc
I'm not a natural fan of "divestment ethics", but I don't know
that there
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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