Milton Friedman famously stated that a business has no purpose except to increase shareholder value. This approach is increasingly dying…

..[We] see an increased focus on Environmental, Social, and Governance (“ESG”) obligations, although these tend to be non-binding or aspirational. At the same time, we notice the creation of hard law obligations which are enforced by national governments...

This article traces the key recent developments in B&HR from international agreements to some of the leading national regulatory regimes…