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Latest articles
Governance and Climate Change
13 March 2023
Governance and Climate Change
13 March 2023
Responsible Capitalism
13 March 2023
Governance and Climate Change
16 February 2023
Browse themes
Search
- Responsible Capitalism (54)
- Technology & Governance (16)
- Corporate Sustainability Due Diligence (14)
- Corporate Purpose (10)
- Codes and Principles (8)
- ESG (7)
- Governance and Climate Change (6)
- Diversity (4)
- COVID-19 (3)
- Responsible Investment (3)
- Russia-Ukraine War (3)
54 articles found
13 March 2023
By Peter Andrews, Peter Hope and Callum Watling. Replacing the Code with a tweak to the Listing Rules could be sensible but, contrary to the view of Cheffins and Reddy, it is unlikely to solve the problem of...
21 November 2022
Commissioner Caroline A. Crenshaw.
20 November 2022
By Marco Becht. Will the principle of “do no harm to people and planet in the pursuit of power or profit” become a basic rule of society in the 21st century embodied in ethical custom and law?
17 November 2022
Dr Rupini Deepa Rajagopalan. Despite the difficulties, it is not all grey in the world of engagement. We have found that engagement can be a highly effective tool for positive change and the more we engage and...
17 November 2022
By Hans De Cuyper. In responsible finance, climate change and sustainability more broadly are viewed from the perspective of a risk turned into an opportunity. Sustainability and profitability are not mutually...
17 November 2022
By Lieve Mostrey. To a large degree, all aspects of ESG are investor led – if investors avoid funds, projects and/or companies because of ESG concerns, then consequently capital will be re-allocated to those...
2 October 2022
By Tom Gosling. There are high hopes the investors can be part of the solution to society’s most pressing problems. But is it legitimate for investors to use the money of their clients and beneficiaries to...
12 September 2022
By Tom Gosling. Asset managers need to figure out how to align membership of GFANZ with their fiduciary duty to clients..
3 August 2022
By Theo Vermaelen. Regulatory reckoning with ESG funds does not go far enough.
2 August 2022
By Dionysia Katelouzou. For an ever-growing number of investors, investor stewardship – the responsible allocation of capital and purposeful engagement – stands at the heart of their investment practices. What...
2 August 2022
By The ECLE group. In the absence of a genuine and convincing cost-benefit analysis, we suggest the pure and simple deletion of Article 25.
2 August 2022
By John Gaffney. Radical revisions to company law may be required to reflect radical visions of stakeholder capitalism.
20 July 2022
By Brian Cheffins and Bobby Reddy.
19 July 2022
By Tom Gosling. ESG activism has a bright future, but the Sainsbury’s case contains important lessons.
19 July 2022
By Brian Cheffins. It is doubtful whether the changes introduced thus far will do much to strengthen UK equity markets. Arguably, reform of a more radical character should be on the agenda,
19 July 2022
By Natania Locke. The South African Code for Responsible Investing, places the ultimate responsibility for stewardship at the door of the asset owner and places no independent stewardship responsibility on the...
19 July 2022
By Colin Mayer. The issue is not about shareholder versus stakeholder interests but what is meant by the success of the company, be it restricted to benefits of shareholders in terms of their wealth or welfare...
19 July 2022
By Gaizka Ormazabal. Beyond performance measurement considerations, ESG pay could be one way to signal to the market that the firm is committed to ESG.
5 July 2022
By Paul Davies. The BA Team may not like the purposes boards currently choose, but the law neither mandates that choice nor prevents the board from making a different set of choices.
5 July 2022
By Colin Mayer. While an old topic, corporate purpose has risen to prominence over the last few years. The reason is a growing disquiet in many quarters about the single-minded focus of business on profit and...
5 July 2022
By Jordi Canals. The explosive growth of ESG investment in recent years has moved to a new phase.
21 June 2022
By Kathryn Judge. Long supply chains often make it impossible for firms to know the actual impact of their goods on workers and the environment—information that consumers and investors increasingly demand—...
21 June 2022
By Philipp Krueger. As a result of the recognition that current firm-level climate disclosures are provided in inadequate quantity, are of insufficient quality, and also lack much needed standardization,...
21 June 2022
By Giovanni Strampelli. A distinctive feature of Italian corporate governance is the so-called slate voting or list voting system, allowing minority shareholders of listed companies to appoint a percentage of...
7 June 2022
By Laura Field. Our results suggest that a principles-based approach potentially mitigates some of the costs of complying with rules-based approaches, while still achieving the same broad objective — in this...
7 June 2022
By Carlos Portugal Gouvêa. In recent decades, the theme of diversity has gained prominence in debates on corporate governance. However, there are very few studies profiling the racial diversity at the top...
7 June 2022
By the ECLE Group. The European legislator should not introduce rules that are hard or impossible to apply in order to force Member States to take action on gender balance. This will not lead to meaningful...
24 May 2022
By Dr. Alan K. Koh. Where the shareholders, managers, and employees are one and the same, responsible capitalism’s tenet of caring for employees’ interests is simply good business.
24 May 2022
By Sir Ronald Cohen. The solution to our financing gap now looks obvious: a change in values, leaps in technology, and the measurement of impact are converging to shift capitalism from risk-return to risk-...
24 May 2022
By Katja Langenbucher. What we are looking at in Wirecard and Volkswagen are familiar governance shortcomings, seen in corporate scandals such as Enron, Theranos or Greensill.
24 May 2022
By J S. Liptrap. There are problems with the BIC that may well reduce the likelihood that it could contribute to the promotion of responsible capitalism.
10 May 2022
By Aurelio Gurrea-Martinez. Despite the shareholder-oriented corporate governance model that, with a few exceptions, prevails in Latin America, the regulatory framework for businesses in most Latin American...
10 May 2022
By Francisco Reyes Villamizar. The evident benefit that arises from BIC companies consists of the possibility of acting legitimately in lucrative and non-profit spheres.
10 May 2022
By Marta Viega and Christopher Burt. Although globalization has not benefitted regions equally around the globe, the mobilization of sustainable capital in poorer regions is one route to a more responsible...
26 April 2022
By Joon Hyug Chung. Given such a shareholder ownership environment and limited influence of active institutional investors, many of the promises of ESG management announced by Korean firms may likely be...
26 April 2022
By Umakanth Varrottil. The legal and governance systems in India strongly support the stakeholder approach, which requires companies to be managed on a sustainable and inclusive basis that accounts for the...
26 April 2022
By Woochan Kim. Today, there is a growing demand for companies to be responsible to the planet and society. This is justified given the harm they are inflicting and the potential contribution they can make.
5 April 2022
By Dr. Roza Nurgozhayeva. "It might appear that sanctions have successfully reached their goal by putting Russia’s economy and Putin’s regime on their knees. But do they? Are these sanctions efficient as...
5 April 2022
By Luis Garicano and Lukasz Rachel.
"Those who fear an economic collapse precipitated by the oil and gas ban generally think that it is hard to substitute Russian gas. But the marvel of market economy...
5 April 2022
By Yuriy Gorodnichenko and Florian Berg. "Russia’s invasion of Ukraine, a massive shock to Russia’s human rights profile, exposes the limitations of the current ESG rating systems."
22 March 2022
By Dr Tom Gosling. Expectations of investors to address societal problems are growing. However, the only source of legitimacy for investor action comes from client mandates and fiduciary duty.
22 March 2022
By Luca Garavoglia. Who should ultimately decide to trade the value created for shareholders for incremental benefits in favour of stakeholders?
22 March 2022
By Takeo Hoshi. Kishida lists three keywords for his policy toward the new form of capitalism: human capital investment, public-private partnership, and local communities.
22 March 2022
By Stephen Forshaw. In an increasingly complex and interconnected world, it is those who understand and embrace their fundamental role of being responsible, sustainable and purpose-driven organisations who...
8 March 2022
By Vivien Chen. Contrary to the presumption of private ownership, the ultimate beneficiaries of state-owned corporations are, or ought to be, the citizenry.
8 March 2022
By Dan W. Puchniak. China was clearly awake to corporate purpose long before Fink’s proclamation; on paper, it is as purposeful as can be. What is less clear, is whether Chinese companies can fulfil these...
8 March 2022
By Curtis J. Milhaupt. It is time to acknowledge that deep capitalist engagement with China has not only failed to bring about change in Beijing, it has significantly reduced the leverage of Western...
22 February 2022
By Mark J. Roe. A stock market of rapid traders is not a stock market, in the conventional view, that can think about sustainability and climate catastrophe...
22 February 2022
By Ron Gilson. From managerial capitalism to shareholder value maximization and back again with raiders driving the cycle.
22 February 2022
Interview with Michele Crisostomo, Chairman of the Board of Directors and of the Corporate Governance and Sustainability Committee of Enel S.p.A., by Guido Ferrarini, ECGI Fellow and Research Member
22 February 2022
By Dionysia Katelouzou. Whether it is legally the case or not, it has become unfashionable to outwardly declare that your company’s purpose is solely to produce profit for its shareholders. Reconciliation of...
8 February 2022
By Herman Daems. Stimulating capitalism to act more responsibly is an effective way to make markets, companies and governments respond to today’s ESG challenges while safeguarding creativity, innovation, and...
8 February 2022
By René Stulz. There is a wide consensus that some actions in a capitalistic economy can have damaging effects for society and are not responsible in the sense that such actions are inconsistent with...
8 February 2022
By Jennifer Hill. Growing calls for ‘responsible capitalism’ serve as a reminder that corporate governance is not static; nor is it exclusively a private law problem about misalignment of interests between...
