This blog features recent developments related to the themes of the book which occurred after the manuscript was finalised.

US and UK Investor Bodies Support Simpler, Long-Term Pay Schemes

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

Business Roundtable Statement on the Purpose of a Corporation

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