It is inevitable that ESG will lead to a new, global system of value management, in time. This new management system is dependent on the right approach and measurement system for the ‘S’. Oxford English Dictionary definition: ‘Social’ – adjective. ‘Relating to society or its organization’ ESG stands for the full range of Environmental, Social […]
This article by John Mansfield, MI’s Global Lead on remuneration, first appeared on South Africa’s ‘Business Day’ The debate over the merits of short-termism versus long-termism has raged for many years but has now finally been put to bed. A 15-year longitudinal study by McKinsey (yes the same one) from 2001-15 involving 651 non-financial US […]
This article by John Mansfield, MI’s Global Lead on remuneration, first appeared on South Africa’s ‘Business Day’ Let’s not blame directors for not fulfilling their fiduciary duties and causing corporate failure. It’s not really their fault; they’re simply playing by the rules. Our directors and managers live by a shareholder-centric governance model that forces them […]
Back in 1970, Milton Friedman helped to forge the current business paradigm by advising companies that profit maximisation and serving shareholders was what really mattered; and that by doing so, companies would be serving society too. After decades of myriad corporate scandals and ten years after the Global Financial Crash, Larry Fink, Blackrock’s CEO, has […]
Please note – this post contains some, intentional, strong language, which readers of a certain sensibility may find offensive. I had never before considered just how socially irresponsible cows could be until I came across Fortune Magazine’s ‘Change the World list’ yesterday . These generally docile creatures, who have brought us all so many benefits for […]
The Why? The Maturity Institute (MI) was formed for a number of very sound reasons. One is recognition, shared with many other impartial observers, that there is something rotten in the state of capitalism. That does not mean capitalism is finished: it plays a crucial part within the entire, global, socio-economic and environmental system; so […]
“It’s almost astonishing… (BRT are) in effect coming right out and saying, ‘We’ve been wrong for the last 20 years…some folks in the BRT are recognizing there’s something unsustainable about an economy that’s all about shareholder primacy. … it’s probably good politics on their part in addition to good economics.” Robert Hockett, Professor at Cornell Law […]