[Excerpt] At its best corporate engagement offers a long-term view of value that both promotes higher environmental, social, and governance standards and adds share value, thus providing long-term benefits to future pension beneficiaries. At its worst it diverts the attention of pension fund officials from their primary responsibility of ensuring the retirement benefits of their members, and encourages pension funds to usurp the rightful responsibilities of corporate managers. This book examines corporate engagement and its impacts on firms in an effort to see how the potential from this newly emerging force is being realized.