Frank Bold’s corporate governance work with academic project wins 2019 International Impactful Collaboration Award

8. 7. 2019
The collaboration between the Purpose of the Corporation Project led by Frank Bold, a public interest law firm, and the Modern Corporation Project run by Jeroen Veldman and Hugh Willmott from Cass Business School has won the 2019 International Impactful Collaboration Award.

The award given by the Practice Theme Committee (PTC) and the International Theme Committee (ITC) of the Academy of Management recognises international collaborations between academics and external stakeholders that have achieved demonstrable, external impact.

The partnership identified a growing sense of urgency on the link between corporate governance theory, practice and institutions and the materialization of significant corporate, social and systemic risks. By bringing together leading representatives from academia, civil society, regulators and practitioner communities, the awarded organisations built a platform that generates opportunities to develop relevant proposals for the reform of corporate governance and thus to engage with these risks.

As Jeroen Veldman explains, “we started producing succinct statements signed by leading academics that describe the situation, implications and challenges associated with corporate governance in multiple disciplinary fields including company law, economic, accounting, political theory and management.

These statements formed the basis for a project in which the partnership engaged with practitioners,representatives of civil society organisations and regulatory bodies worldwide to identify relevant best practices and proposals for reform.

Filip Gregor from Frank Bold highlights that “these activities developed into an open platform that combined international interdisciplinary academic research, practitioner engagement and regulatory reform proposals”.

With this platform, the partnership has provided concrete impacts, notably by informing the EU sustainable finance and responsible corporate governance agendas. Just last year, the European Commission published an ambitious Action Plan on Financing Sustainable Growth, which includes a chapter on corporate governance of public companies. The assumptions underlying the analysis and measures of the Action Plan are highly aligned with the findings presented by the partnership in the “Corporate Governance for a Changing World” report.   

The award is a confirmation of the impact of collaborative and interdisciplinary research and of the relevance of the work developed by the partnership and all the academics, practitioners and policy makers involved in this platform. Winning the award will help support the continuation of this collective research. 

Note to the editors:

The award is given by the Practice Theme Committee (PTC) and the International Theme Committee (ITC) of the Academy of Management. The international panel of judges named the award application submitted by the partnership as outstanding on all characteristics, with a special commendation for project scale. 

The Modern Corporation Project is run by Professor Hugh Willmott, Professor of Management and Dr Jeroen Veldman, Senior Research Fellow at Cass Business School, City University, London.

Cass Business School, which is part of City, University of London, is a leading global business school driven by world-class knowledge, innovative education and a vibrant community. The faculty at Cass are experts in their fields, producing cutting-edge research with real-world impact.

Frank Bold is a public interest law firm with offices in the Czech Republic, Belgium and Poland. The organisation uses the power of business and non-profit approaches to solve social and environmental problems. With six branches in three EU countries, Frank Bold provides legal expertise in corporate accountability to the European institutions as well as to NGO's in many countries

The Purpose of the Corporation Project, an initiative of Frank Bold that provides a strategic and open-source platform for leading thinkers and organisations interested in promoting the long-term health and sustainability of companies.

There is where is cleanest business:

The Purpose of the Corporation Project

Frank Bold