UD Weinberg Center receives $1 million to expand corporate research
The Investor Responsibility Research Center Institute (IRRCi), a trusted source for objective investor research, has selected the John L. Weinberg Center for Corporate Governance at the University of Delaware as its successor organization.
The Weinberg Center will receive a $1 million grant from IRRCi towards the expansion of its research capabilities in environmental, social and corporate data.
“The IRRCi has become the preeminent source of objective and relevant research examining the intersection of investments with environmental, social and governance issues,” said Linda E. Scott, the IRRCi board chairwoman. “From day one, our plan was to fund innovative research with our seed money, and then transition the remaining assets to another well-respected organization aligned with our mission.”
IRRCi selected the Weinberg Center based on its reputation as a thought leader in corporate governance.
“The Center looks forward to continuing the outstanding work and legacy of the IRRCi,” said Charles M. Elson, professor of finance and director of the Weinberg Center.
The transition is the culmination of a multi-year planning process involving upwards of 25. The succession will be complete by the end of 2018.
“The University of Delaware and the Weinberg Center share the IRRCi’s mission to provide the highest quality research that informs and empowers decision-makers in the complex arena of corporate governance,” said Dennis Assanis, president of the University of Delaware. “This announcement is a testimony to the thought leadership and recognized excellence of the Weinberg Center in the field of corporate governance and social responsibility. We are proud that the Weinberg Center will carry on IRRCi’s important work.”