``Profitable Socially Responsible Investing?'' Makes a Convincing and Provocative Case For Values-Based Investing, Corporate and Social Change.CHICAGO -- Pioneer of "Advocacy Investing" Demonstrates That Socially Responsible Investors Can Also Make Money Based upon his conviction that socially responsible investing Socially responsible investing describes an investment strategy which combines the intentions to maximize both financial return and social good. In general, socially responsible investors favor corporate practices which are environmentally responsible, support workplace diversity, (SRI) does not mean trading profits Trading profit The profit earned on short-term trades of securities held for less than one year, subject to tax at normal income tax rates. trading profit for personal or institutional values, author and investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and Marc J. Lane delivers a strong and passionate case for profitable SRI in "Profitable Socially Responsible Investing?," his 32nd book. The book, released by Institutional Investor Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. Books this month, offers a sensible and credible option to investors' negative screening of "sinful" securities such as those for tobacco companies and defense contractors, which tend to sacrifice risk-adjusted returns. "A careful examination of management's behavior will empower the investor," Lane writes, "more effectively than negative screening could ever have done, to deploy their investment capital in a way that gives voice to their principles. . . Since good management is a prime indicator of financial success, their inclination to invest in only ethical companies should serve them well. " Lane goes on to argue that "only by investing in a company can one create the opportunity to influence the way it does business, especially in collaboration with other, like-minded investors." Relying upon "Advocacy Investing(SM)," his proprietary approach to values-based investing and his original research, Marc Lane proposes a proactive strategy that suggests when investors select virtuous companies, based upon their own values, their portfolios will thrive - and might even beat some of the popular indices. His eight-year study demonstrates that those companies that earned the highest marks for social justice and environmental concerns actually outperformed the Russell 3000. "Lane offers a clear and thoughtful approach to advance socially responsible investing," says Victor De Luca, President, Jessie Smith Noyes Foundation. "He makes a convincing case that the strategic use of screens can result in both comparable rates of return and adherence to social and ethical principles." Throughout the book, Mr. Lane analyzes and responds to the empirical research Noun 1. empirical research - an empirical search for knowledge inquiry, research, enquiry - a search for knowledge; "their pottery deserves more research than it has received" of academics who have been most interested in SRI over the years. He also provides the practical tools to define an individual's or institution's core values in a way that is useful in constructing a portfolio and demonstrates how to draft a mission-based investment policy that satisfies fiduciary obligations. Addressing the power of investors to effect change in the boardroom and the executive suite, Lane dedicates a chapter to proxy voting Proxy voting is the delegation to another member of a voting body of that member's power to vote in his absence. It is essentially synonymous to delegated voting. Proxy voting is commonly used in corporations for voting by members or shareholders, because it allows members and demonstrates how investors might most strategically vote their shares, ensuring that voice is given to values. Finally, the book provides a helpful, comprehensive glossary of investment terms. Mindy S. Lubber, President, Ceres says "Marc Lane's book covers the breadth of socially responsible investing in a refreshing and accessible format for institutional investors and 'civilians' alike." "Doing well and doing good is possible," says Stasia Zwisler, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , The Giving Trust, "and Marc Lane proves it . . . In the wake of ethics and governance scandals, this guide boldly takes socially-responsible investing to a new level." About the Author Marc J. Lane is President of Marc J. Lane Investment Management, Inc. He is a practicing Chicago attorney and financial advisor; an Adjunct Professor of Law at Northwestern University School of Law The Northwestern University School of Law is a private American law school in Chicago, Illinois. The law school was founded in 1876 and is one of eleven academic entities at Northwestern University. Northwestern enjoys a strong national reputation. ; an Adjunct Professor of Business at the University of Illinois University of Illinois may refer to:
Publisher: Institutional Investor Books Publication date: 05/05/2005 ISBN ISBN abbr. International Standard Book Number ISBN International Standard Book Number ISBN n abbr (= International Standard Book Number) → ISBN m : 1 84374 136 9 Price: $95.00 For additional information on purchasing the book and on Marc J. Lane, click on or go to the following URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : www.AdvocacyInvesting.com |
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