Responsible Markets
`Aha Ho`opuka Pono
Hawaii Double-Bottom Line Investment Summit

Honolulu
February 26-28, 2001

Agenda

Monday, February 26

Morning – State Capitol – Auditorium

8:30am - Registration
9:00am - Opening remarks (Lt. Governor Mazie Hirono)
9:15am - Summit overview (Ian Chan Hodges & Dennis Kanahele)

9:30am - Overview of Double Bottom Line (DBL) Investing

  • How institutional investors are doing "Double Bottom Line" investing (Camejo)
  • Socially Responsible Investing: History & Innovations (Keefe)
  • Socially Screened Funds (Wieder)
  • Community Investing (Berenbach)
  • Employee buyouts and corporate restructurings for Double Bottom Line returns (Psaros)
  • Economically targeted investments & other Taft-Hartley opportunities (Spalding)
  • Proxy voting and shareholder advocacy; mission-based investing as a tool for social change (Viederman)
  • Investing in a new generation of resource stewards (Elisara)

11:30am - E Ho'opuka Kupono - Investing with Hawaiian Values
     William K. Richardson, General Partner, HMS Hawaii

Afternoon – State Capitol – Room 016

12:00pm - Working Reception & Lunch (State Capitol - Room 016)

1:30pm to 4:30pm - Roundtable Focus: Investing in Hawaii's Future

  • Historical overview
  • Current opportunities
  • Future visions & responsibilities


Tuesday, February 27

Roundtable Focus: Pension Funds

All Day – State Capitol – Room 212

9:00am - Introduction and overview of Double Bottom-Line (DBL) Investing
9:15am - Review of significant points from previous day

9:30am - The 21st Century Fiduciary:
Legal, financial and ethical requirements for today and tomorrow

Introduction and Moderator - K. Spalding

  • Corporate governance
  • Shareholder advocacy & proxy voting
  • Federal & state securities laws
  • Pension funds as universal owners
  • Life of an activist trustee (Camejo)

10:30am - Financial performance of Double Bottom Line investments

  • DBL investing: Gauging financial performance
  • Why Double Bottom Line investing outperforms

12:00pm - Lunch

1:15pm - Non-financial returns of Double Bottom Line investing

  • Effects of Double Bottom Line investing on workers' rights
  • Corporate governance: proxy voting and shareholder advocacy as tools to modify corporate behavior to be more labor-friendly

2:00pm - Investments that have Double Bottom Line benefits for unions

  • Community investments: an option for pension funds?
  • Targeted investments that produce labor-friendly collateral benefits
  • Labor-friendly LBOs as a model for alternative investment in the 21st century

3:30pm - Making it Happen

  • Real life case study: current labor-friendly investment opportunities in Hawaii
  • Educating the next generation of stewards


Wednesday, February 28

Roundtable Focus: Hawaiian Trusts

Morning – State Capitol – Room 224

9:00am - Introduction and overview of Double Bottom-Line Investing
9:15am - Update from the Kuleana Waiwai Like project and review from previous days
9:30am - History of ceded lands, origin of Hawaiian trusts, and legal challenges facing Hawaiian trusts and agencies (Judge Robert Klein, Bill Meheula)

10:15am - Indigenous screens (Geoffrey Ashton, with video featuring Rebecca Adamson of First Nations Development Institute)

10:45am - Mission based investing: Empowering the beneficiaries
Introduction and Moderator - S. Viederman

  • Fiduciary responsibility and organizational mission
  • The mandate of mission-based investing
  • Hawaiian trusts as universal owners
  • Embracing economic sovereignty
  • The role of the consultant

11:30am - Financial performance of Double Bottom Line investments

  • DBL investing: Gauging financial performance
  • Why Double Bottom Line investing outperforms

Afternoon – State Capitol – Room 016

12:15pm - Lunch

1:15pm - Non-financial returns of Double Bottom Line investing

  • Effects of Double Bottom Line investing on Hawaiian rights
  • Economic sovereignty as a foundation for political sovereignty
  • Corporate governance: proxy voting and shareholder advocacy as tools to modify corporate behavior to be more Hawaiian-friendly

2:00pm - Investments that have Double Bottom Line benefits for Hawaiian Trusts

  • Community investments
  • Hawaiian-friendly LBOs as a model for alternative investment in the 21st century
  • Hawaii as an intellectual property refuge for patents & indigenous knowledge

3:30pm - Making it Happen

  • Real life case study: current Hawaiian-friendly investment opportunities in Hawaii
  • Educating the next generation of stewards


For more information please call 808-573-1000 or email