... if we believe that good corporate governance is value accretive in the long-run, then pension funds – with liabilities spanning decades – must take a greater interest and build stronger capabilities in this area. Policymakers can assist by exploring ways to make monitoring and engagement cost-effective for asset owners, such as through collective mechanisms.
That's a pretty damned big "if," and a pretty slender reed for justifying changes in the law of corporate governance. Let's see the proof first.
