The Social Investment Forum (SIF) submitted a letter to President Obama listing a series of policy proposals, from proxy access allowing shareholders to nominate board candidates to “say on pay” giving investors a vote on executive compensation. SIF also urges the Obama Administration to establish an Office for Innovation in Corporate Social Responsibility or CSR. This idea dates back to the early 2000s, propounded first by Susan Aaronson at the Kenan Institute of Private Enterprise, and supported by a Government Accountability Office report finding major lack of coordination on federal CSR initiatives. SIF CEO Lisa Woll explains the rationale behind the recommendations, and how they will promote advancement toward sustainability.
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