Location: Sayles 252

Time: 12:00 pm

Present Staff: Fred Rogers, Shannon Shulz, David Schlosser Faculty: Mike Hemesath, David Lefkowitz Students: Eilidh Higgins, Nora Mahlberg, Alex Persaud, Nathaniel Rosenblum, Cristina Sainati

Secretary: Laura Garlock

The last responsible investment meeting of the term began with the students’ report on their meeting last week and tabling at Sayles in late October. At their meeting, the students created a rough draft of a survey which they intend to distribute to determine the community’s opinion on CRIC’s role at Carleton. Tabling went well, and had a good turnout of interested people.

As in meetings past, members reported any 2009 resolutions that fall within CRIC’s areas of interest. The compilation of these resolutions is as follows:

Coca-Cola: Executive Compensation
Golden Sachs: Credit Default Swap Trade
Loan servicing
Executive Compensation
General Electric: Executive Compensation
IBM: Executive Compensation
Monsanto: Sustainability
Raytheon: Sustainability
Executive Compensation
Safeway: Sustainability
United Health: Executive Compensation

Drafts of the survey were passed around for members of the faculty and staff to critique and discuss. After going over the survey, the committee discussed ways in which it could distribute the survey. The main options are putting the surveys in students’ mailboxes, emailing the survey, setting up a stand in Sayles, or some combination of these. The committee has not yet decided on an option.

Points of concern from the students’ earlier meeting directed the discussion. The students want to meet with the Board of Trustees next term, and Fred Rogers will try to arrange for a 15-minute presentation on February 12th, 2009, the day of the Investment Committee meeting. By then, CRIC should have some recommendations prepared for shareholder resolutions. The students also brought up that parts of the investment website should be more comprehensible for the average reader, especially the breakdown of the endowment on the treasurer’s page. Students also expressed interest in having access to information on Carleton’s mutual funds and the distribution of its assets in local banks.