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California Corporate Diversity Law Ruled Unconstitutional
April 06, 2022
A Los Angeles judge ruled that California’s landmark law mandating that corporations diversify their boards with members from certain racial, ethnic or LGBT groups is unconstitutional following a lawsuit that argued that the mandate violated the state’s constitutional equal protection clause.
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Stakeholder Capitalism: Neither Capitalism Nor For Stakeholders
April 06, 2022
Scott Shepard writing for RealClearMarkets.com, explores how “stakeholder capitalism” is neither pursued for the benefit of stakeholders nor is it any kind of capitalism at all.
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Reuters: New Company Sustainability Standards Body Drafts First Guidelines
April 01, 2022
In a move that is backed by world leaders, top investors and regulators, The International Sustainability Standards Board (ISSB) published two draft standards for public consultation until July 29 ahead of formal adoption by the end of the year, paving the way for a new global standard for company sustainability reporting.
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Business and Human Rights: How New Laws in Europe and the UK Impact Companies Around the World
March 30, 2022
Jenner and Block LLP, writing on human rights and global strategy explore the evolution in the ten years of existence of the United Nations Guiding Principles on Business and Human Rights (the "UNGPs"), companies and governments around the world are increasingly finding themselves required to adhere to them as the guiding principles go from « soft law » to « hard law ».
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Forbes: ESG leading to One Global Disclosure Standard?
March 29, 2022
In a major step towards a global sustainability reporting standard, the Global Reporting Initiative (GRI) and the IFRS Foundation have announced plans to co-ordinate and align their capital market and multi-stakeholder standards for sustainability disclosures.
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