Push continues to reform company directors’ duties so that they embrace a wider circle of stakeholders.
Aviva CEO faces “inappropriate” remarks at shareholder meeting; warning for Twitter board over free speech; speaking up on whistleblowing.
Will Musk’s Twitter have a board? Human rights and directors’ duties; ICGN chair concerns; stakeholderism “hopelessly and fatally flawed”.
Tesla and SpaceX CEO Musk has created a tricky governance challenge by buying a 9.2% stake in Twitter but declining a seat on the board.
The proposals require company directors to take into account human rights, climate change and sustainability in their decision-making.
New report says the balance of company interests has swung too far towards shareholders and “away from working people who create the wealth”.
Rubio has proposed new legislation allowing shareholders to bring legal action against directors over “political conflicts of interest”.
MPs in Wellington will examine a bill that would allow New Zealand’s directors to consider ESG issues as part of their company obligations.
Report from the British Academy calls for new regulatory powers that would enable watchdogs to hold directors to account.
Directors are obliged to exercise independent judgment in their decision-making. But there is little guidance on what this means in practice.