Joe Biden says shareholder primacy must end; Kamala Harris has spoken out on diversity and equal pay. US businesses should be prepared for change.
Image: Sheila Fitzgerald/Shutterstock
Ahead of official confirmation at the Democrat’s National Convention this week, we now know that the candidates chosen to run against Donald Trump are Joe Biden and his freshly appointed running mate, Kamala Harris.
The Biden–Harris ticket is notable for many reasons, but what are their policies and attitudes towards business and corporate governance?
There is much to indicate that business and boards should look forward to a period of substantial change should they win the election on the 3 November.
Biden recently set the scene for his approach to governance when he said the age of shareholder primacy would come to a close unde
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Since the collapse of Lehman Brothers and the ensuing crisis, the global financial system is safer and more robust, with stronger governance and regulation. But there remain striking differences between the structure and governance of US and European banks, which only the next crisis will truly put to the test.
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