Articles & Blogs, Category = Business ethics & CSR

Category: Business ethics & CSR

New Firms for A New Era

“In recent years, large corporations have become increasingly aware that they must be sensitive not only to the financial bottom line, but also to the social and environmental effects of their activities. But societies should not allow firms’ owners and their agents to drive the discussion about reforming corporate governance.”

(article by economist Dani Rodrik, author of a.o. Economics Rules; The Rights and Wrongs of the Dismal Science, 2015)

Making Stakeholder Capitalism a Reality

“This reality leaves us with two critical and wickedly tough questions:

  1. How can groups across socio-economic and political divides get better aligned on the current reality we’re facing?
  2. What is the appropriate approach, including taxation and regulation strategies, to produce the economic, environmental, and social outcomes we need to survive and thrive for generations to come?

Business leaders need to help answer these questions or run the risk of getting uncomfortable answers foisted upon them.”

Why Business Leaders Should Solve Problems Beyond Their Companies

“Rosabeth Moss Kanter, professor at Harvard Business School, believes the world demands a new kind of business leader. She says so-called “advanced leaders” work inside and outside their companies to tackle big issues such as climate change, public health, and social inequality. She gives real-life examples and explains how business leaders can harness their experience, networks, innovative approaches, and the power of their organizations to solve challenging problems. Kanter is the author of the book .”

Walking the Talk of Stakeholder Capitalism

“Corporate governance is undergoing a sea change, as the longstanding principle of “shareholder primacy” gives way to broader concerns. But recognition of social, environmental, governance, and data stewardship issues is not enough; company boards must also figure out how to integrate shareholder value with corporate responsibility.”

Larry Fink Isn’t Going to Read Your Sustainability Report

“As my colleagues Michael Porter, George Serafeim, and I point out in a recent article, “Where ESG Fails,” most sustainability reporting is unreliable, inconsistent, and largely covers factors that are immaterial both to the economic performance of the company and to the company’s global impact. […] If Fink is correct in predicting that capital will increasingly be allocated to those companies with the most sustainable business models, then investors will need new sources of data to understand and anticipate the economic significance of sustainability strategies.”

The New Davos Challenge

“As political leaders and corporate titans gather in Davos, Switzerland, for the World Economic Forum’s annual meeting, they would do well to consider how the abstract ideal of ‘stakeholder capitalism’ can be translated into reality. The key to changing the behavior of economic and political elites alike is to change what is measured.”

Making Stakeholder Capitalism a Reality

“The recent push by big business in favor of a more socially and environmentally conscious corporate-governance model is not just empty rhetoric. With the public losing trust in business and markets, it is now in everyone’s interest to reform the system so that it delivers prosperity for the many, rather than the few.”

Here Is What Replaces Shareholder Primacy

Prosocial, which Wilson co-authored with a pair of behavioral scientists, explains how humans can introduce positive changes in their social environments, in nearly any domain and scale. This, what Wilson calls a ‘positive change method,’ is eminently useful in a business context. Ethical Systems recently caught up with Wilson to discuss how the prosocial method can reshape the business world, from guiding ethical workplace culture design to structuring economies for the betterment of all.

What Limits Shareholder Activism as a Force for Good: The Free-Rider Problem

“Unlike ethical investment, the roots of shareholder activism are not altruistic. Historically to be called an activist shareholder was no compliment. It probably meant you were a hedge fund focused solely on reaping bigger profits. This was typically done by pressuring boards and management to sell off under-performing assets and disburse the cash to shareholders. To date, little activism has been motivated by altruistic purposes.”

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