Tag: Business Roundtable
Threat to stakeholder governance from Twitter sale ‘overstated’
Academics and experts argue stakeholder governance will always come second while the law puts the interests of shareholders first.
Corporate efforts to define their ‘purpose’ fail to convince employees
Survey finds most staff believe their company has changed little or not at all since setting out a purpose.
Ethics, ‘shareholder wealth’ and Twitter drove companies to quit Russia
Cutting ties with Russia after social media boycott campaigns was ‘woke-wash’ for some companies, research suggests.
Norges Bank backs mandatory US climate risk reporting
Heavyweight investor’s support boosts Securities and Exchange Commission’s controversial proposed US rules on board ESG disclosures.
Business Roundtable takes aim at SEC climate risk reporting
Among its complaints, the Business Roundtable argues that no ‘safe harbor’ in the rules will increase the risk of corporate liability.
What’s a company for? Milton Friedman responds
The ongoing lively debate about corporate purpose has caused me to reflect further on the dialogue between Milton Friedman and Socrates…
Academic warns that ‘good’ corporations are bad for democracy
So called ‘good’ corporations have “not actually changed, at least not in terms of their legal mandates”, claims Joel Bakan.
US corporates ‘should do more’ to help environment and low-paid workers
Respondents to a recent US poll say a more “evolved” form of capitalism is needed to better reflect the interests of stakeholders.
Business Roundtable stakeholder statement ‘mostly for show’, says study
Harvard researchers say signatories have made few changes in company documents that indicate a corporate purpose favouring stakeholders.
Governance week: stakeholderism, US election, IoD departure, ESG blow
Is the shift to stakeholder primacy real—or a PR exercise? Plus change at the top for the Institute of Directors; confirmation of the Biden–Harris ticket; and bad news for ESG.