[PDF] Speech of Richard Howitt MEP, European Parliament Rapporteur on Corporate Social Responsibility to the Seminar on "Purpose of the Corporation," European Parliament, Brussels, 11 February 2014

Author: Richard Howitt MEP, European Parliament Rapporteur on Corporate Social Responsibility, Published on: 11 February 2014

[On] 11 February 2014 in Brussels, a major conference on "The Purpose of the Corporation" is examining how alternatives to "Maximising Shareholder Value" can be introduced to European corporate governance rules. In his keynote speech to the conference, European Parliament Rapporteur on Corporate Social Responsibility Richard Howitt MEP argues that efforts to promote corporate respect for society, environmental sustainability and for human rights have been hampered by an overly narrow focus on 'fiduciary duty.' He argues that alternative notions of the purpose of the corporation in emerging economies, current debates about long-term investment and progress in moving towards the green economy, provide a real opportunity to change the narrative. [refers to Novo Nordisk (part of Novo Group)]

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Related companies: Novo Group Novo Nordisk (part of Novo Group)