corporate culture

Governance Watch - Issue 70

Governance Watch - Issue 70

Stakeholder Governance, Stakeholder Capitalism

On the anniversary of the historic statement on the purpose of a corporation from the Business Round Table, a group of 181 CEOs in the United Sates there has been an update, and also a flurry of loud debate around stakeholder governance and stakeholder capitalism. The number of CEOs signing up to the statement has grown to 200 over the last year, expanding its reach potentially to embrace thousands more of working lives. Only now the world is also in the middle of an economically crippling pandemic.

Governance Watch - Issue 69

Governance Watch - Issue 69

Culture

The issue of toxic culture haunts UK corporate governance. When coping with a pandemic requiring an agile corporate response it can become dangerously hard to budge. As a country we may have elevated an interest in matters of corporate governance from the pursuit of ‘anoraks’ to that of ‘experts’ and ‘business strategists’ over the last decade, but mind-sets still shudder at change. This is apparent in news this week from two long-standing names in British business: Marks & Spencer (M&S) founded in 1884 and the Institute of Directors, the business lobby group formed in 1903.

Governance Watch - Issue 10

Governance Watch - Issue 10

‘Reputational Deficits’

What on earth, you might well ask, is a ‘reputational deficit’? You would have to ask Uber board member Bill Gurley, who used the term to describe the state of “what is still Silicon Valley’s most successful start-up” as described by the Financial Times. He told the paper: “It is going to take us a while to get out of this” when referring to the mess the company finds itself in after revelations of endemic sexism and a fair amount of hubris within its managerial ranks.

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