Back this morning from annual meeting of the “Committee on Workers Capital” (CWC) held in the International Labour Organisation’s headquarters (ILO) in Geneva. A superb one
The chair of CWC is Ken Georgetti, who is President of the Canadian Labour Congress. Canada seems to be taking the lead on worker’s capital. John Maitland, from the Australian Council of Trade Unions (ACTU) chaired the actual meeting.
There were nearly 40 participants from all round the world. Australia, Brazil, Canada, Denmark, France, Netherlands, Iceland (who was also an MP), UK and USA. I went to the meeting in London in 2005 and there was probably nearly twice as many people present this year as then. From UNISON there was also national officer for Capital Stewardship, Colin Meech, and from the TUC senior Policy Officer, Janet Williamson. Janet gave two presentations on the TUC response to Private Equity in the UK. Also present was David Russell from the Universities Superannuation Scheme (USS) and Donald McDonald who is a BT pension scheme trustee (and Chair of PRI).
Check out the CWC link for the full picture on the Labour movement and investments (I’ll do a further post on this issue later). The themes for this year meeting were a “Trustees approach to the UN Principles for Responsible Investment “ (PRI - we must get all British schemes to sign up to this campaign). There was than a lot of good stuff on trade union approaches and initiatives on Private Equity (PE); assessing its risk and market distortions, making PE work for us, and PE “due diligence”. There was a very wide ranging discussion. Finishing off with debate on common problems and issues.
Potentially one of the most significant things that the CWC does is to operate a “clearing house” for international trade unions to post requests for assistance or information about international companies who are operating in their country. Recently we had a fairly successful campaign in the UK by the T&G and the Teamsters to try and persuade First Group not to practice anti-trade union activities in the US.
day conference for international labour movement activists, who are involved on workers capital issues.
The chair of CWC is Ken Georgetti, who is President of the Canadian Labour Congress. Canada seems to be taking the lead on worker’s capital. John Maitland, from the Australian Council of Trade Unions (ACTU) chaired the actual meeting.
There were nearly 40 participants from all round the world. Australia, Brazil, Canada, Denmark, France, Netherlands, Iceland (who was also an MP), UK and USA. I went to the meeting in London in 2005 and there was probably nearly twice as many people present this year as then. From UNISON there was also national officer for Capital Stewardship, Colin Meech, and from the TUC senior Policy Officer, Janet Williamson. Janet gave two presentations on the TUC response to Private Equity in the UK. Also present was David Russell from the Universities Superannuation Scheme (USS) and Donald McDonald who is a BT pension scheme trustee (and Chair of PRI).
Some of the pension schemes represented even dwarfed the £125 billion invested (collectively) in the British local government pension scheme (LGPS).
Check out the CWC link for the full picture on the Labour movement and investments (I’ll do a further post on this issue later). The themes for this year meeting were a “Trustees approach to the UN Principles for Responsible Investment “ (PRI - we must get all British schemes to sign up to this campaign). There was than a lot of good stuff on trade union approaches and initiatives on Private Equity (PE); assessing its risk and market distortions, making PE work for us, and PE “due diligence”. There was a very wide ranging discussion. Finishing off with debate on common problems and issues.
Potentially one of the most significant things that the CWC does is to operate a “clearing house” for international trade unions to post requests for assistance or information about international companies who are operating in their country. Recently we had a fairly successful campaign in the UK by the T&G and the Teamsters to try and persuade First Group not to practice anti-trade union activities in the US.
It was good to meet Mike Musuraca from the New York City Employees Retirement System (NYCERS). He is also an official with the American Public sector union (AFSCME). They appear to be far more proactive with their pension fund than we are in London with the LGPS. It would be good to keep in contact so we can get share some ideas.
1 comment:
Hi John
Great post - have linked to it.
On a separate point I have just put up a post about Fidelity funding the Tories. Any chance you could do something too?
cheers
Tom
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