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According to the EIRIS report entitled, "A Risky Business?  Managing Core Labor Standards in Company Supply Chains", 45% of the companies studied "have no policy or management systems in place to protect labor standards in their supply chain and fail to report on the issue."  According to EIRIS, investors should be concerned about breaches of labor standards for several reasons:  reputational risk, time spent by management addressing issues raised by NGOs, poor product quality, and legislation that could limit access to markets. 1.10

Monday, October 27, 2008 10:30 AM - 11:45 AM
Room: Macdonald E–F

Speaker(s)
David Buchholz Senior Policy Anaylst, Federal Reserve Board of Governors
Julie Goodridge President, NorthStar Asset Management
Lisa Hall Director, Lending and Advisory Services, Calvert Foundation View
Deborah Momsen-Hudson Vice President, Self-Help Credit Union View

Description
The so-called "subprime mortgage crisis" continues to affect investors, the economy, and a growing number of families and individuals. This panel will address the price that communities, particularly low-income people in urban areas, are paying for Wall Street greed; the use of the shareholder resolution process to address the crisis; and responses by leaders in the Community Investing field.