Researchers find ESG policies get conveniently forgotten when the stakes are high, citing the sale of Twitter as a case in point.
Mars CEO defends ESG and purpose; US president vetoes anti-ESG bill; trust can negatively affect M&As; Centrica chief’s £4.5m pay packet.
GOP declares SVB ‘woke’; banks slow to sustainability; fund managers accused of dodging voting risks; cross-border mergers and democracies.
PwC fined over Babcock; EY split is on hold; Senate kills Biden ESG law; ChapGPT predicts M&As; directors who ‘overboard’.
One in 10 mergers and acquisitions now has an ESG component, according to estimates by Bain & Co consultancy.
Academics and experts argue stakeholder governance will always come second while the law puts the interests of shareholders first.
Shared audit’s £1bn cost; failed UK energy firms had no internal audit; governance rules for all; is climate risk reporting an SEC matter?
The company’s failure to consider in advance those affected by the deal does not bode well for stakeholder governance, write academics.