ESG

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 67

Governance Watch - Issue 67

Pay and Accountability

We might have “turned the tide” in the fight against coronavirus, as UK Prime Minster Boris Johnson said at Tuesday’s media briefing, but the prevailing sentiment in the country from boardrooms to active working living rooms remains one of uncertainty. We do not know how long the pandemic will rule our lives or how extensive the economic damage left in its wake will be. But we can reaffirm what we deem acceptable standards of corporate behaviour, and a sharp critical focus of corporate governance must inevitably remain on pay.

Governance Watch - Issue 66

Governance Watch - Issue 66

Investors and Stewardship

Investor stewardship has become the guardian of good corporate governance in this pandemic. Will it remain that way as we find a way to live and work beyond Covid-19? Only time – and the behaviour of business - will tell. However, it is clear, as lockdown starts to ease with caution in part of the United Kingdom, that ESG – the acronym taking in the environmental, societal and governance considerations for any business – has been thrust to the forefront. We will have to wait and see how high it features in the consideration of corporate governance by businesses aiming to serve society better by their actions.

Governance Watch - Issue 64

Governance Watch - Issue 64

Governance in A Pandemic

Less than five hours after the UK’s Chancellor of the Exchequer, Rishi Sunak, delivered what was being called an emergency coronavirus Budget yesterday, the World Health Organisation (WHO) declared coronavirus a pandemic. A global pandemic is declared when a new disease for which people do not have immunity spreads around the world. The UK government is convening a second meeting of Cobra, its emergency committee today, and it is expected to announce that it is stepping up its response to the coronavirus while other countries also take action.

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