Institutional investors are increasingly realising that income inequality—the gap in income and wealth between the very affluent and the rest of society—has become one of the most noteworthy socioeconomic issues of our time.
A recent study by Accenture found that the global average cost of cyber crime has risen from $7.2 million in 2013 to $11.7 million in 2017. Businesses are under pressure to strengthen their cyber security capabilities and be more effective in managing cyber incidents.
4. Does the company identify a named person at senior management or executive committee level with overall responsibility for information management and cyber security? 5. Is the board or board committee responsible for cyber security issues?
Untangling the chain of stakeholder interests and incentives requires connecting the business objectives of plan sponsors with the growing demand for ESG incorporation by plan beneficiaries, while working within the fiduciary duty requirements of ERISA.
The ERISA retirement system brings together distinct stakeholders with diverse incentives and objectives. These range from the plan sponsors to pension consultants to the investment managers, independent advice providers and, ultimately, the plan beneficiaries.
Unlike public pension plans, private-sector retirement plans (including both DC and DB plans) must maintain compliance with ERISA regulations, specifically the fiduciary requirements, when selecting investment options.