This report is the result of a two-year global roundtable series organised by Frank Bold and Cass Business School. It presents an emerging comprehensive approach to corporate governance that can assist corporations to develop a broad understanding of their purpose, as well as build a corporate strategy that will deliver long-term sustainable value, build organisational resilience, and sustain a strong social licence.

The report presents a summary of reflections and best practices in seven areas: (1) Embedding purpose in the governance structure of the corporation, (2) Clarifying fiduciary duties to restore the focus to long-term value creation, (3) Strengthening the role of the board to pursue a broad and long-term view of corporate purpose, (4) Revising incentive structures for directors and executives, (5) Engaging stakeholders in corporate governance, (6) Improving shareholder engagement to foster patient capital, (7) Integrating intangibles, non-financial capitals and ESG matters into corporate accounting and reporting models.