A group of asset managers has agreed a set of questions designed to test whether companies are “genuinely” purpose-led.
Larry Fink, BlackRock. Photo: Shutterstock
A group of ten asset managers have formulated questions for boards to assess whether their businesses are “genuinely purpose-led”.
Investors with assets worth $8trn, including BlackRock, Legal & General and Schroders, came together with the campaign group A Blueprint for Better Business to devise questions to be put to board chairs and chief executives as a means of determining whether their companies are driven by “purpose”.
The eight questions include enquiries into whether pay policy is linked to long-term success, the impact—positive and negative—a company has on society, and the external relationships most important
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