Activities
Since its launch in 2007, the Council has spent over $11 million on lobbying activities. It also commissions and publicizes research favorable to the private equity industry.
In addition to its research and lobbying activities, the trade association has developed guidelines for best practices for its industry. In 2009, it developed a set of "guidelines for responsible investment", which were adopted by its members, covering such issues as health, safety, labor, governance, transparency for stakeholders and respect for human rights. According to the Council, the guidelines were produced in accordance with the United Nations' Principles for Responsible Investment (PRI), from discussions between Council members and a group of institutional investors. The guidelines focus on transparency of private equity transactions and ensuring compliance with all applicable laws, both in the U.S. and overseas, and encourage adding value to members' portfolio companies. The Council received positive feedback on the guidelines from PRI executive director James Gifford, and the chief investment officers of both California Public Employees Retirement Systems (CalPERS) and California State Teachers' Retirement System (CalSTRS), however, the Service Employees International Union remained critical of the industry arguing that outside regulation was needed rather than internal guidelines.
Read more about this topic: Private Equity Growth Capital Council
Famous quotes containing the word activities:
“I am admonished in many ways that time is pushing me inexorably along. I am approaching the threshold of age; in 1977 I shall be 142. This is no time to be flitting about the earth. I must cease from the activities proper to youth and begin to take on the dignities and gravities and inertia proper to that season of honorable senility which is on its way.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“There is, I think, no point in the philosophy of progressive education which is sounder than its emphasis upon the importance of the participation of the learner in the formation of the purposes which direct his activities in the learning process, just as there is no defect in traditional education greater than its failure to secure the active cooperation of the pupil in construction of the purposes involved in his studying.”
—John Dewey (1859–1952)
“If it is to be done well, child-rearing requires, more than most activities of life, a good deal of decentering from one’s own needs and perspectives. Such decentering is relatively easy when a society is stable and when there is an extended, supportive structure that the parent can depend upon.”
—David Elkind (20th century)