In the past three years, the ESG movement attracted a broad following across corporate America, with a proliferation of related management and investment strategies to advance environmental, social and governance priorities. But in the past three months, the ESG movement has risked stalling, amid scrutiny revealing the insincerity of vocal proponents, declining levels of both
Ross Clements
As Shareholder Proposals Proliferate, Boards Might Consider this Framework to Evaluate Voting Results
It’s shareholder meeting season, which means the proxy votes will be rolling in. As corporate boards receive these results of shareholder votes, a framework on how to respond may be helpful. After all, these days corporate ballots may include shareholder proposals on any issue of social significance, without regard to its significance to the company…
The Directors’ Role Amid Debates over Corporate Purpose, Stakeholders and ESG
The age-old debate over the purpose of for-profit corporations has reignited, with two rival theories on offer: shareholder primacy and stakeholder parity. The first posits that the primary purpose of corporations is to maximize shareholder value, while the second urges the equal interests of all other constituents, especially employees, customers, and communities. Read more on…