Jane Diplock, one of the founders of integrated reporting and a committee chair at the International Integrated Reporting Council, believes we’re finally moving towards a new, more holistic era for capitalism — but it’s early days yet.
Policymakers believe that investment institutions can be persuaded to take a greater role in corporate governance. But do they really possess the willingness and capacity to embrace their stewardship role?
The Investment Association has told the UK's governance watchdog that its revisions of the country's corporate governance code is too focused on the workforce and that board engagement should focus on "material stakeholders".
The importance of stimulating shareholder engagement towards more of sustainability and long-termism, is a priority of the EU. However in corporate governance models with widely dispersed shareholders, such an ambition will only have a chance of being realised if a set of complementary conditions are further developed. This conference, jointly organised by ecoDa and PwC, will examine the type of incentives that are created by the legal/fiduciary duties of both directors and investors.
What began as a response to corporate scandal, corporate governance is making great strides in driving leadership accountability in Europe—but it’s still a work in progress, with views and policies differing considerably.