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.
With an increasing number of investors focusing on “intangibles” in their institutional analysis, Elena Basova, Senior Analyst at Nasdaq IR Intelligence, and Martyn Chapman, Head of Strategy for Nasdaq Governance Solutions, weigh in on how companies can best use an ESG framework to quantify their assets.
Although it’s rare, boards and corporate leaders should prepare for potential challenges from hedge fund activists targeting environmental, social and governance (ESG) issues. Here’s how.
Companies and boards should consider a public outrage as a potential risk to their reputation and operations, and prepare a crisis management response playbook.
Like your favorite suit, sustainability reporting is not new, but it looks good on your organization. Ninety-five percent of companies in the Global 250 issue a sustainability report, an issuance that is now widely considered a best practice.
2019 could be the year of the human, at least where shareholder proposals are concerned. Proposals this year run the gamut, from talent and diversity, to battling plastics and opioids. A snapshot of four human issues making the rounds at annual meetings.