Purpose of the Corporation in the media

10. 1. 2017
The debate on the role that businesses play in today’s society has been increasingly present in the media and political sphere, especially following on from the adoption of the UN Sustainable Development Goals and the Paris Agreement on climate change. At the same time, major corporate scandals have also come to light, representing the other side of the same coin: the benefits and consequences of a responsible (or irresponsible) corporate governance framework.

The Purpose of the Corporation project has published several articles with the intention of stimulating the discussion on responsible and sustainable corporate management. Furthermore, we also comment on relevant policy developments and important events. 

 
List of published articles:

- EurActiv: "How the EU can end corporate short-termism and create a sustainable financial system"

- ICGN 2017 Yearbook "The Purpose of the Corporation"

- Responsible Investor: Non-Financial Reporting: How to Comply? What does it mean for the climate?

- E!Sharp: 

"Improving EU corporate governance"

"New EU legislation to tackle short-termism in companies"

- BoardAgenda:

"Davos: Debunking the myth of shareholder primacy"

"Sustainable Finance report: implications for investors and directors"

- Contexte: “European lawmakers vote to increase shareholder rights” 

- Politico: “Lux leaks scandal shows why tax avoidance is a bad idea”

- NewCo Shift: "Multinational B Corporations: Big Business as a Force for Social Good"

- Triple Pundit:

"5 Steps for Stronger Companies" 

“Defining Corporate Purpose is the only Way Forward”

“Launch of UK B Corp Movement Prompts Debate About Future of Corporations”

"What Trump's Presidency Could Mean For Business" 

"Unilever Defends Long-Term Corporate Strategy, Rejects Buffett Takeover Comments"

Blogs:

- L4BB (Lawyers for Better Business) blog: “Europe: trend towards increased corporate responsibility” 

- IIRC (The International Integrated Reporting Council): “Six ideas for improving reporting – and by extension, corporate governance” 

 

The project has also been cited by several experts and journalists in their articles, blog posts and research studies, which can be found in the list below.

- Dina Medland, Forbes contributor and independent writer:

"Barclays Offers CEO Leadership Lessons For 'The Fool Who Doth Think He Is Wise"

“A First In EU Law: Shareholders Don't Own Companies” 

- Elena K. Johansson in Responsible Investor:

Conference report: ‘Creating Sustainable Companies’ summit: shareholder primacy needs overhauling”  

- Simon Caulkin, writer, editor and award-winning business journalist in Financial Times:

“Business is tackling the difficult questions politics has dodged”

- Stefan Stern, director of High Pay Centre and columnist for Financial Times

"We need to talk about compliance"

"Transcend 'shareholder value' for all our sakes"

"Too many see becoming the boss as ‘a prize, not a responsibility"

- Susanna Rust in IPE

"EU negotiators reach agreement on revised Shareholder Rights Directive" 

"Does the HLEG need to define sustainability?​"

- Rick Wartzman, executive director of the Drucker Institute in Time Business. "The Long View: Why Maximizing Shareholder Value Is On Its Way Out”

- Katrin Muff, Dean of BSL (Business School Lausanne) in her blog: “Imagine Corporate Governance for a Sustainable World”

- Peter Crow, non-executive director and board advisor in his blog: “The emerging role of the board in business performance”

- Olivier Petitjean, Observatoire des multinationales (published by french non-profit organisation Alter-médias): "Au-delà de la régulation : peut-on transformer les entreprises à la racine ?"

ActionAid, “A new approach to corporate governance: Does this mean ending capitalism?" 

- Jeroen Veldman, Senior Research Fellow at Cass Business School in the Oxford Business Law Blog: "The Modern Corporation Statement on Company Law" 

Andrew Johnston and Tiina Ruohonen in the University of Oslo website “Reporting Back: A Need for Collective Endeavour”

- Peter Tunjic, Founder of DLMA LABS in Governance "Back to the Future: Newton and the Next Economy" 

- Uwe Gneiting, Research Advisor for the Private Sector Department at Oxfam America, in OpenDemocracy. "Inequality, business and human rights: the new frontier?" 

- Filip Gregor, Head of Responsible Companies in Shift project website: "Paradigm Shift: It's Time to Speak about the Purpose of the Corporation"

 
Cited in the following reports:

- Friends of the Earth research “Focusing businesses on doing good” p.16. 

-  Ernst & Young Cleantech and Sustainability Services on behalf of the European Commission: "Resource Efficiency and Fiduciary Duties of Investors" 

- Submission to the UK BEIS Committee inquiry on corporate governance: Written evidence from Oxfam and B Lab UK. 

- Oxfam Briefing Paper "An Economy for the 99%"

You can keep up to date with the latest news on corporate governance following our blogtwitter and joining us in our Linkedin Group.  

Cover picture (CC) Jesse Knish Photography

There is where is cleanest business:

The Purpose of the Corporation Project

Frank Bold