Rethinking Corporate Governance

 Rethinking Corporate Governance

18/12/19 - The recent US Business Roundtable commitment to "all stakeholders" changed a long-held focus of corporate purpose being solely to generate profits for investors. This appears to align with investors’ growing recognition of the importance of Environmental, Social and Governance (ESG) criteria in making decisions about how to allocate financial investment. But is existing corporate governance fit for this purpose? Is acknowledging the limits of the narrow pursuit of profits enough to address the harms caused by corporations on society and the environment? Or without fundamental governance reform, is it merely 'purpose-washing'? 

This blog series from Open Society Fellows critiques today's governance models, and offers alternative ideas about the nature and role of shareholders for a new definition of corporate purpose.


 We need a new corporate governance that empowers communities and workers - instead of focusing on short-term profits


           What is the purpose of a corporation today?


Raphaële Chappe, Open Society Fellow 

Should we consider fossil fuel extraction an unjust enterprise?


Fossil fuel companies must be held to account - here's how


Imani Jacqueline Brown, Economic Inequality Fellow, Open Society Foundations

 Here's how stakeholders can engage effectively to build a new corporate model


Here's how stakeholders can engage effectively to build a new corporate model


Delilah Rothenberg, Founder and Executive Director, Predistribution Initiative

Worried about US inequality? Ban stock buybacks to end the looting of corporations

Companies ought to invest in their workforce to tackle economic inequality


William Lazonick, Open Society Fellow


Real stakeholder governance requires a counter-weight to the power of wealth

Stakeholder democracy should be the norm for corporations


Nathan Schneider, Open Society Fellow


US pharma companies need price regulation amid focus on stock prices and executive pay

Society should expect affordable medicines. The pharma sector needs to change


William Lazonick, Open Society Fellow

How to eradicate human rights abuses? Change the corporate model

The current form of corporate governance and ownership has to change


Amelia Evans, Economic Inequality Fellow, Open Society Foundations and Executive Director, MSI Integrity


Bama Athreya

Can workers make better decisions than CEOs?

Bama Athreya on the crucial role of workers in a new definition of 'corporate purpose'


Bama Athreya, Economic Inequality Fellow, Open Society Foundations


In America’s boardrooms, the shareholder morphs from protector to threat

Open Society Fellow Paul Rissman explains why moves away from shareholder primacy aren't necessarily what they seem


Paul Rissman, Open Society Fellow and cofounder of Rights Co-Lab