IDEAS home Printed from https://ideas.repec.org/a/sae/treure/v17y2011i1p43-57.html
   My bibliography  Save this article

Capital stewardship in the United States: worker voice and the union role in the management of pension fund assets

Author

Listed:
  • Larry W Beeferman

    (Pensions and Capital Stewardship Project, Labor and Worklife Program, Harvard Law School, lwb@law.harvard.edu)

Abstract

This article describes US unions’ efforts at capital stewardship, that is, the investment and management of the assets accumulated in pension and other retirement plans (frequently termed ‘workers’ or ‘labour’s capital’) — on behalf of plan participants and in the interest of workers more generally. It focuses particularly on the opportunities for direct worker voice in the governance and management of those assets through workers serving as trustees of the plans. The article explores the challenges these trustees face in navigating that role in addition to their possibly conflicting role as a union member or official. It details unions’ visions for capital stewardship and their efforts to integrate trustees’ activities within the broader range of union activities. Finally, it describes ways in which unions have collaborated in support of their trustees and to develop a cross-union capital stewardship agenda.

Suggested Citation

  • Larry W Beeferman, 2011. "Capital stewardship in the United States: worker voice and the union role in the management of pension fund assets," Transfer: European Review of Labour and Research, , vol. 17(1), pages 43-57, February.
    • Handle: RePEc:sae:treure:v:17:y:2011:i:1:p:43-57
    DOI: 10.1177/1024258910390854
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/1024258910390854
    Download Restriction: no
    File URL: https://libkey.io/10.1177/1024258910390854?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Paul Bridgen & Marek Naczyk, 2019. "Shareholders of the World United? Organized Labour's Preferences on Corporate Governance under Pension Fund Capitalism in the United States, United Kingdom and France," British Journal of Industrial Relations, London School of Economics, vol. 57(3), pages 651-675, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:treure:v:17:y:2011:i:1:p:43-57. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.