The Business Roundtable’s blockbuster statement redefining the purpose of a corporation almost reads like an apologia for capitalism.
Sustainability reporting can increase an organization’s value. But what do you report? As stakeholders look to integrate environmental, social and governance (ESG) factors into the investment process, this article helps boards and leadership teams provide proper oversight of ESG disclosure.
It’s not your imagination: CEOs aren’t lasting that long. The recent news of scandal and bungled initial public offerings are only a handful of reasons why CEOs have lost their jobs.
Women are in every realm of government, law, academics and private enterprise — but they aren’t in every boardroom. California is trying to change that, becoming the first state in the nation to require female representation on public company boards.
Energy headlines this year have focused on the federal government’s regulatory roll back and the lawsuits challenging those decisions. As a result, energy executives have to monitor a dizzying array of developments, changes and threats in the compliance space.
Five years ago, Microsoft Corp. was in a tight spot. It was unable to take the smartphone market from Apple, the cloud sector from Amazon.com or search from Google, according to Nigel Vaz, digital transformation consultant and CEO of Publicis.Sapient. Microsoft seemed to be teetering right as Satya Nadella became CEO in 2014 and began transforming the company.
The latest salvo in the debate over the role of the corporation in society was struck by Jamie Gamble, a former lawyer for the insurance company American Insurance Group during the financial crisis and beyond. He proposed in an essay that modern executives are “legally obligated to act like sociopaths,” because of settled law for most corporate charters that puts shareholder rights above employees, the environment, customers and the community at large.
“ESG” investing sounds like a great idea. Who can argue with steering your company toward environmental, social and governance practices that reflect the greater good?
But for a company ready to formalize its commitment to ESG, the problem is defining what it means and what qualifies.
Deciding on the right environmental, social and governance approach for your company isn’t easy. Investors expect directors and executive teams at publicly traded companies to understand environmental and social risks and opportunities, according to Martyn Chapman, head of strategy for Nasdaq governance solutions, in a recent video.
When Shareholders Aren’t the Only Ones Who Matter: Public Companies Increasingly Say Yes to B Corporations
It’s been more than 10 years since ice cream manufacturer Ben and Jerry’s became a B corp., a label that positions the company as a “force for good.” Becoming a force for good is no easy matter.