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16 May, 2025

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Tag: stakeholder capitalism

BlackRock Larry Fink

Larry Fink puts focus on finance and inflation

Although BlackRock’s CEO does not mention the term ‘ESG’ in his annual letter, he highlights the investment risks posed by climate change.

Businessman in thinker pose

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…

FTSE and a down arrow

News round-up: this week in governance

FTSE removes four Russian firms; LGIM warns on diversity; EU wants more women directors; and audit committees’ climate concerns.

Shell and BP retro fuel transporting trucks

BP and Shell windfall tax row reveals lack of progress on purpose

Claim that windfall tax would hurt clean energy investment shows the change in mentality towards purposeful business isn’t taking root.

shareholder vote, shareholder dissent

Stakeholder capitalism ‘won’t work’—but investors need to do more

London Business School/Investor Forum report backs the shareholder model, but urges investors to take responsibility for stakeholder issues.

BlackRock offices in San Francisco

BlackRock CEO letter: stakeholderism ‘is not woke’, it’s capitalism

Larry Fink declares stakeholder governance is not an “ideological agenda” but “capitalism, driven by mutually beneficial relationships”.

Senator Marcio Rubio

US senator Marco Rubio: ‘woke corporations’ could breach fiduciary duty

Rubio has proposed new legislation allowing shareholders to bring legal action against directors over “political conflicts of interest”.

US flag flying on Wall Street

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.

ESG strategy icons over green cityscape

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.

Jamie Dimon

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.

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