Ethical Shares

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Ethical Shares

Downsizer Forum Index -> Finance and Property

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Green Man

Joined: 23 Jul 2006
Posts: 5272
Location: Rural Scotland.

Posted: Wed Aug 17, 11 1:51 pm Post subject: Ethical Shares

As I stated yesterday, and avarage Brit is in the top 1% of the richest people on the planet. If you have pensions or investments that hold portfolio's of shares do you consider where your companies are based and if their practices in business live up to your downsizer ethics. Are your companies paying minimum wages, exploiting children or poluting waterways to pay for your retirement?
As wealthy company owners, shouldn't we be asking ourselves this? I am currently pumping oil into the North Sea today.

Hairyloon

Joined: 20 Nov 2008
Posts: 15444
Location: Today I are mostly being in Yorkshire.

Posted: Wed Aug 17, 11 1:58 pm Post subject:

in general, the views of shareholders who's shares are part of an investment package are not considered for voting at the AGM.
The company that holds the shares on the investor's behalf gets their votes... what they do with them is anyone's guess.

I have the past mooted the idea of setting up an investment company who's purpose is to cast those votes in an appropriate manner, with making profit a secondary motive.

As yet, I don't have any investors...

Green Man

Joined: 23 Jul 2006
Posts: 5272
Location: Rural Scotland.

Posted: Wed Aug 17, 11 2:11 pm Post subject:
Shareholders have the biggest vote .......��s Invest or not to invest.

Shane

Joined: 31 Oct 2005
Posts: 3467
Location: Doha. Is hot.

Posted: Thu Aug 18, 11 4:23 am Post subject:

Green Man wrote:

Shareholders have the biggest vote .......��s Invest or not to invest.

Unfortunately, the biggest shareholders tend to be institutions. Admittedly, they are ultimately investing someone else's money, but the individual investors are several steps away from the frontline so considerably less able to make a difference.

Saying that, the kids' CTFs are invested in ethical funds, and doing rather nicely.

oldish chris

Joined: 14 Jun 2006
Posts: 4148
Location: Comfortably Wet Southport

Posted: Thu Aug 18, 11 8:19 am Post subject:
I have two pots of money, company pension scheme, over which my amount of control is virtually nil, so I don't worry my pretty head over it, and some savings (mainly the lump sum from the afore mentioned pension scheme) which is invested via the Cooperative Bank. In answer to the question: yes I do consider how my money might be used and by whom.

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