Pensions and Capital Stewardship Project

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Conference Presentation Materials

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Capital Matters VI - Managing Labor's Capital - April 2008

Session I: Locusts versus Labor: Handling the New Capitalism

John Monks, General Secretary of the European Trade Union Confederation
Locusts versus Labor: Handling the New Capitalism [PDF]

Session II: Turmoil in Financial Markets: Causes, Consequences, and Choices

Randall Dodd - Senior Financial Sector Expert IMF
Four Lessons From the Financial Crisis [PDF]

Chris Marx - Senior Portfolio Manager Global Value Equities
Turmoil in Financial Markets: Causes, Consequences and Choices [PDF]

Session III: Corporate Governance Reform: What Difference Has It Made or Could It Make for Workers?

Sigurt Vitols - Wissenschaftszentrum Berlin für Sozialforschung
Pressures on the Stakeholder Model of Corporate Governance: Lessons from Germany? [PDF]

Session V: Pension Fund (and Others’) Engagement on Corporate Labor and Human Rights Practices

Alan MacDougal, Managing Director, Pensions Investment Research Consultants Ltd.
Unlocking Human Capital: Engagement on Employment Best Practice [PDF]

Alice Steenland, Director of SRI Research, Vigeo (France)
The integration of labor issues into European pension fund investment strategy [PDF]

Colin Meech, National Officer for Capital Stewardship, UNISON
Capital v Labour: Do Investors Need A Labour Standards Investment Index? [PDF]

Session VII: Capital Stewardship Within and Across Borders: Challenges and Opportunities

Colin Meech, National Officer for Capital Stewardship, UNISON
Worker Capital & Capital Stewardship In the UK [PDF]

Session VIII: Novel, Yet Practical Solutions to Retirement System Woes (I): The Dutch and Other Experience Abroad

Dr. A.G. (Bart) van Riel, Senior Policy Officer, Netherlands Social-Economic Council (SER) and Eduard H. Ponds, Head of Strategy, Finance Department, ABP Pension Fund
Sharing risks: the Netherlands new approach to pensions [PDF]

Sophie Jaenicke, FB Tarifpolitik, IG Metall Vorstand
Retirement Security in Germany: Living Standard Security or Basic Security? [PDF]

Session IX: Novel, Yet Practical Solutions to Retirement System Woes (II): A New Approach to Employment-Based Pensions

David Blitzstein, Special Assistant, Multiemployer Funds, Collective Bargaining Department, United Food and Commercial Workers
Redesigning Defined Benefit Pensions [PDF]

Session X: Novel, Yet Practical Solutions to Retirement System Woes (III): A New Approach to Retirement Security for All

Scott Macey, Esq., Senior Vice President, Aon Consulting, on behalf of The ERISA Industry Committee
A New Benefit Platform for Lifetime Security for All Americans [PDF]

Jon Forman, Alfred P. Murrah Professor of Law, The University of Oklahoma College of Law and Vice-Chair, Oklahoma PERS
Should We Replace the Current Pension System with a Universal Pension System? [PDF]

Teresa Ghilarducci, Schwartz Chair in Economic Policy and Director of SCEPA at the New School for Social Research
Guaranteed Retirement Accounts [PDF]

Session XI: What to Do While Waiting for Universal Health Insurance: Are VEBAs and Other Pre-Funded Schemes Part of the Solution or Part of the Problem?

Teresa Ghilarducci, Schwartz Chair in Economic Policy and Director of SCEPA at the New School for Social Research
The New Treaty of Detroit: Are Voluntary Employee Benefits Associations Organized Labor’s Way Forward, or the Remnants of a Once Glorious Past? [PDF]

Stuart Wohl, Senior Vice President, The Segal Company
Are VEBAs and Other Pre-Funded Schemes Part of the Solution or Part of the Problem? [PDF]

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Capital Matters V - Managing Labor's Capital - May 2007

Papers

Anil Verma - Professor of Human Resource Management and Industrial Relations and
Johanna Weststar - PhD Candidate, Centre for Industrial Relations and Human Resources, University of Toronto
What Makes for Effective Labor Representation on Pension Boards? [PDF]
Just Having it is Not Enough: Labour’s Voice on Pension Boards [PDF]

Teresa Ghilarducci - Professor of Economics, University of Notre Dame
Guaranteed Retirement Accounts: Towards Retirement Income Security [PDF]

Dr. Peer Zumbansen - Canada Research Chair in the Transnational and Comparative Law of Corporate Governance, Osgoode Hall Law School, York University
Varieties of Capitalism and the Learning Firm: Contemporary Developments in EU and German Company Law [PDF]

Session I

Gordon L. Clark - Professor, Oxford University, Centre for Environment
Pension Fund Governance [PDF]

Samuel W. Halpern - President Independent Fiduciary Services ®
From Theory to Practice: Actually Governing Your Investment Program [PDF]

Session III

Josh Lerner - Jacob H. Schiff Professor of Investment Banking, Harvard Business School
Private Equity Returns: Myth and Reality [PDF]

Edward Mathias, Managing Director, The Carlyle Group
Private Equity: A Practitioner’s Perspective [PDF]

Session IV

Lucian Bebchuk - William J. Friedman and Alicia Townsend Friedman Professor of Law, Economics, and Finance and Director of the Program on Corporate Governance at Harvard Law School
Insider Luck and Governance Reform [PDF]

Session V

Session VI

Jordan Berger - Supervisor, SPPD & Benefits OPSEU/NUPGE
Infrastructure Investing: An Emerging Challenge for Canadian Labour [PDF]

Tim Kominiarek - Assistant Director, Research, Marco Consulting Group
Infrastructure Investing [PDF]

Morag Torrance - Research Associate at the Oxford University Center for the Environment and Director in Origination, Capital Partners
Governing Tensions In Infrastructure Investing [PDF]

Session IX

Michael Perino, Professor of Law, St. John's University School of Law
Securities Litigation

Randall S. Thomas - John Beasley Professor of Law and Business, Vanderbilt Law School and Owen Graduate School of Management
Private Enforcement of the Federal Securities Laws [PDF]

Session X

Clare Barnett - Chair, Connecticut Teachers Retirement Board
A Connecticut Model [PDF]

Anil Verma - Professor of Human Resource Management and Industrial Relations and
Johanna Weststar - PhD Candidate, Centre for Industrial Relations and Human Resources, University of Toronto
The Trustee Effectiveness: The Need for Strategic Choices Need for Strategic Choices [PDF]

Capital Matters IV - Managing Labor's Capital

Jarvio Grevious - Deputy Executive Officer ’Retirement System
CalPERS Health Benefits Program [PDF]

Peter R. Orszag - Brookings Institution, Joseph A. Pechman Senior Fellow, Economic Studies
Strengthening Retirement Security [PDF]

John Slatery - CEBS Director, Benefits Department International Brotherhood of Teamsters
What is the Current Status and Future of Retiree Health Benefits?[PDF]

Adair Turner - Vice Chairman, Merrill Lynch Europe
Pensions Reform and Capital Markets [PDF]

Public Sector Pension Plans: Current Challenges and Future Directions

Larry Beeferman

Labor and Worklife Program at Harvard Law School
Project Director, Pensions & Capital Stewardship Project

Opening Remarks

Fred Buenrostro

Chief Executive Officer
California Public Employees’ Retirement System

Presentation: Public Pensions: The CalPERS Experience

Ed Derman

Deputy Chief Executive Officer
California State Teachers’ Retirement System

Presentation: Public Sector Pension Plans: The CalSTRS Story

Norm Jones and Paul Zorn

Gabriel, Roeder, Smith & Company

Presentation: Questions About the Future of Public Pension Plans Short-term Problems or Structural Failures?

Ray Henry

Former Executive Director, Texas County and District Retirement System

Powerpoint Presentation: Public Plan Design for the Future

Presentation Remarks: Public Plan Design for the Future

Paper: Public Pension Plan Design for the Future: A Perspective

Teresa Ghilarducci

Professor of Economics, Notre Dame University

Powerpoint Presentation: Public Plan Design for the Future