Respondents to a recent US poll say a more “evolved” form of capitalism is needed to better reflect the interests of stakeholders.
Two years on from a declaration by the biggest US companies that they would switch to serving stakeholder interests, public opinion says large corporates should be doing more for the environment and for the lowest paid workers.
The news comes in a survey carried out to monitor reaction to the Business Roundtable’s statement in 2019 that it would prioritise stakeholders over shareholders. Roundtable members include companies such JP Morgan Chase, Apple and Amazon. The statement was a seminal moment in corporate governance of recent times, and prompted commentary and studies around the world.
The survey, conducted by JUST Capital, a not
For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda
Boards of banks face an increasingly broad array of responsibilities when managing foreign subsidiaries, ensuring the parent company has control and oversight without sacrificing independence or creating a culture of complacency.
The Financial Reporting Council survey reveals that audit is improving. But there remain key concerns over Big Four dominance of the market and the ability of smaller firms to keep up with the pace of technological change.
Register to receive free article views and resource downloads, plus all the latest news alerts straight to your inbox. Register