The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Thu, 23 Apr 2026 11:32:47 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.8 https://corpgov.law.harvard.edu/wp-content/uploads/2024/02/cropped-photography-4-e1706898544564-1-32x32.png Principles for a Responsible Civilian Firearms Industry – The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu 32 32 Principles for a Responsible Civilian Firearms Industry https://corpgov.law.harvard.edu/2018/12/06/principles-for-a-responsible-civilian-firearms-industry/?utm_source=rss&utm_medium=rss&utm_campaign=principles-for-a-responsible-civilian-firearms-industry https://corpgov.law.harvard.edu/2018/12/06/principles-for-a-responsible-civilian-firearms-industry/#comments Thu, 06 Dec 2018 14:18:46 +0000 https://corpgov.law.harvard.edu/?p=113420?d=20181206091846EST Posted by Christopher J. Ailman, CalSTRS and Christianna Wood, Harvard’s Advanced Leadership Initiative, on Thursday, December 6, 2018
Editor's Note:

The Principles for a Responsible Civilian Firearms Industry were conceived and written by Christopher J. Ailman, Chief Investment Officer CalSTRS; Christianna Wood, Fellow at Harvard’s Advanced Leadership Initiative; Michael McCauley, Senior Officer at the Florida State Board of Administration; Peter Reali, Senior Director at Nuveen; John O’Hara, Managing Director and Senior Advisor at Rockefeller Asset Management; and Rakhi Kumar, Senior Managing Director, Head of ESG Investments and Asset Stewardship at State Street Global Advisors. Related research from the Program on Corporate Governance includes Social Responsibility Resolutions by Scott Hirst (discussed on the Forum here).

As investors, we have come together to develop a framework to advance a responsible civilian firearms industry in the United States of America. We believe in the rule of law and respect the 2nd Amendment of the U.S. Constitution. As asset owners and asset managers, we have a duty to our beneficiaries who depend on us for financial security; such obligations compel us to assume responsibility for reducing risks that we and our beneficiaries face if and when we hold a financial interest in both private and public firearms related enterprises. We believe that enterprises involved in the manufacturing, distribution, sale and enforcement of regulations of the firearms industry are well positioned to support pragmatic transparency and safety measures that contribute to the responsible use of firearms. Through this framework, we assert our role as investors in encouraging such practices, and we identify expectations for the firearms industry that will reduce risks and improve the safety of civil society at large. Further, we commit to monitoring progress by companies over time and engaging with them regularly on this issue, especially in support of enterprises that champion adoption of responsible practices.

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