Tag: corporate purpose
Top stories of 2021: purpose and transformation amid the pandemic
Philosophical questions about corporate purpose and transformation joined ESG, diversity and AI as the thought-provoking themes of 2021.
Executive pay, sustainability KPIs and the climate crisis
Linking KPIs to sustainability targets results in complexity. A focus on corporate purpose is a better way to tackle climate change.
Corporate purpose: reasons for optimism, but vigilance is required
Many companies have acted in a compassionate manner since the pandemic began; others haven’t. Corporate purpose has made the difference.
Company law ‘should place purpose at the centre of business’
Report from the British Academy calls for new regulatory powers that would enable watchdogs to hold directors to account.
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.
Directors’ duties: more enforcement needed to drive action on climate
Directors have a “fiduciary duty” to consider climate change risks, say experts—but legal action is unlikely unless enforcement is beefed up.
The challenges of balancing purpose with performance
Investors now expect firms to have a purpose that meets the needs of all stakeholders and delivers returns. It is a difficult equation to balance.
Company purpose is more than a marketing slogan—it’s a new philosophy
Embedding company purpose requires businesses to think about every process their organisation operates—and accept that there will be trade-offs.
Organisational culture is the key to rebuilding trust in audit
Audit firms need to develop an organisational culture that empowers auditors to consistently and courageously do the right thing.
Why boards should address value preservation at a strategic level
Stakeholder groups are increasingly demanding that boards focus on value preservation in their decision-making.