Without the European Commission’s reforms, governance systems “will act as countervailing forces against achieving sustainability objectives”.
This week a fightback began in support of European Commission effort’s to redraw corporate governance so it promotes sustainability.
In an open letter, business luminaries such as former Unilever chief executive Paul Polman, PwC global chair Bob Moritz and International Corporate Governance Network CEO Kerrie Waring—as well as list of academics from around the world—offer their support to the Commission after a study at the heart of its current reform campaign came under a barrage of criticism.
Led by South African corporate governance icon Prof Mervyn King, the letter calls on business to back reform efforts because “incentives
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