Why is Asset Manager Accountability Necessary?
Large global asset managers aggregate the capital of asset owners, making them the largest shareholders of many companies around the world. This increasing concentration of ownership has amplified their power when it comes to investment stewardship.
While global asset managers have built up internal investment stewardship teams, there continues to be a wide discrepancy between asset managers’ practices and their stated commitments on fundamental labour rights.
The CWC Asset Manager Accountability Initiative on Workers’ Rights leverages the power of collective action by asset owners to drive changes down the investment chain by holding the largest global asset managers accountable to their clients.
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