Although BlackRock’s CEO does not mention the term ‘ESG’ in his annual letter, he highlights the investment risks posed by climate change.
The ongoing lively debate about corporate purpose has caused me to reflect further on the dialogue between Milton Friedman and Socrates…
FTSE removes four Russian firms; LGIM warns on diversity; EU wants more women directors; and audit committees’ climate concerns.
Claim that windfall tax would hurt clean energy investment shows the change in mentality towards purposeful business isn’t taking root.
London Business School/Investor Forum report backs the shareholder model, but urges investors to take responsibility for stakeholder issues.
Larry Fink declares stakeholder governance is not an “ideological agenda” but “capitalism, driven by mutually beneficial relationships”.
Rubio has proposed new legislation allowing shareholders to bring legal action against directors over “political conflicts of interest”.
So called ‘good’ corporations have “not actually changed, at least not in terms of their legal mandates”, claims Joel Bakan.
Respondents to a recent US poll say a more “evolved” form of capitalism is needed to better reflect the interests of stakeholders.
Harvard researchers say signatories have made few changes in company documents that indicate a corporate purpose favouring stakeholders.