On 21 October 2019, Namal Nawana, the CEO of UK medical devices firm Smith & Nephew, resigned after 18 months at the helm because he wasn’t being paid enough. The stock price fell by 9% on the announcement, translating to …Read More
This blog features recent developments related to the themes of the book which occurred after the manuscript was finalised.
US Council of Institutional Investors Policy on Executive Pay In September 2019, the Council of Institutional Investors, an influential association of US pension funds, foundations, and endowments, overhauled its policy on executive pay. The recommendations are broadly in line with Chapter 5 …Read More
Extinction Rebellion has organised a series of events to highlight the urgent need to tackle climate change. These involve demonstrations, blockades, and protests. The response has been mixed. Some agree that tackling climate change is urgent, but protests are doing more …Read More
In August 2019, the Business Roundtable, an organisation comprising the CEOs of major US companies, released a new statement on the Purpose of a Corporation. The statement stressed a company’s responsibility to all stakeholders, not just shareholders. In contrast, the prior statement, …Read More