BusinessWorld
May 11, 2021 | 6:38 pm
(Part 3)
In a trail blazing paper by Dr. Jordi Canals, former Dean of one of the top business schools in the world, the IESE Business School in Barcelona, Spain and now IESE Foundation Professor of Corporate Governance, a new notion in contemporary management and corporate governance is amply explained. This notion is called “purpose” and is distinguished from the usual “mission” and “vision” terms common in management literature. After clarifying what “corporate purpose” means, Dr. Canals presents a framework for boards of directors to work on purpose. His recent paper, completed at the height of the pandemic in January 2021, is precisely titled “The Role of Corporate Purpose in Corporate Governance: A Framework for Boards of Directors and Senior Managers.” Corporate purpose, properly understood, “has the potential to be an engine for organizational change, improve corporate governance and help reconnect
Does Capitalism Need a Soul Transplant? ESG reporting standards have been traveling toward us for many years and they have now arrived.
Environmental, social and governance (ESG) refer to new reporting standards for a company s impact that goes beyond its shareholders.
Think of ESG as a Big Four audit of your company s overall impact on the world. Its impact on people as well as on the earth. How are they going to measure that? We wondered the same thing.
ESG standards are being driven by new demands of investors who still want booming profits and returns but now want them exclusively from high-purpose companies that make the world a better place vs. a worse place.
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WILMINGTON, Del., April 30, 2021 /PRNewswire/
DuPont (NYSE: DD) today announced the appointment of Deanna M. Mulligan to its Board of Directors, effective April 27, 2021. Following appointment, Ms. Mulligan was elected to the Board at the Company s Annual Meeting of Stockholders on April 28, 2021.
Deanna Mulligan We are pleased to welcome Deanna Mulligan to DuPont s Board of Directors, said, Ed Breen, DuPont Executive Chairman and Chief Executive Officer. As a veteran CEO, Deanna brings a wealth of experience in leadership, risk management and workforce strategies. Her strong commitment to corporate governance, social impact, and experience on numerous boards will provide DuPont with diverse and valuable insight.
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White men dominate the boards of CT s Fortune 500 companies. Will diversity efforts lead to change?
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James D. White is the former CEO of Jamba Juice and Greenwich, Conn.-based investment firm Mill Road Capital’s new managing director and head of board governance and diversity initiatives.Contributed photo /Mill Road CapitalShow MoreShow Less
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Thomas Lynch is the founder and senior managing director of Greenwich, Conn.-based investment firm Mill Road Capital.Picasa /Show MoreShow Less
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Margaret Keane is the executive chairwoman of Synchrony and the company’s former CEO. Synchrony’s board of directors includes Keane and three other women and four minority directors.Anthony Collins Photography 2019 /Show MoreShow Less