The stakes for responsible corporate governance and investor stewardship have never been higher.
Recognising this urgency, the Business Roundtable, a large group of US chief executives, last month embraced a broader view of governance and urged companies to focus on sustainable value creation. Yet, as directors of American corporations seek to answer these calls, they remain subject to countervailing market pressure to deliver outsized shareholder returns over short periods of time.
Directors need support to mediate this challenge and make responsible long-term corporate decisions. My law firm has long argued for a stakeholder-centred model of corporate governance rather than rote