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Calvert To Screen More For Corporate Governance

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NU Online News Service, Aug. 22, 11:12 a.m. –The Calvert Group Inc., Bethesda, Md., says it will look harder at corporate governance and business ethics when it screens stocks for its socially conscious mutual funds.

Calvert screeners will now use a 51-item checklist that includes topics such as the independence of corporate boards, the independence and quality of auditors, and the quality of corporate efforts to communicate with shareholders.

Calvert screeners will avoid companies that have engaged in serious securities fraud, especially if their business practices appear to be unusually bad.

Calvert screeners will also review records of lawsuits and regulatory investigations, to look for companies that have hurt investors, consumers, workers and communities..