Companies Face Increased Pressure To Disclose Political Policies and Contributions

February 08, 2022

The environmental, social and governance (ESG) movement is increasingly impacting the business world to the point that  corporations and their political action committees (PACs) are being pressured to justify their contributions based on a candidate’s voting record on ESG issues, like the North Carolina gender bathroom bill in 2016.

Darwall: Woke Capital Won’t Save the Planet

February 02, 2022

Rupert Darwall writing for RealClearenergy.org, explores how woke capitalism may have reached in pinnacle, referring to a letter by BlackRock CEO’s Larry Fink who states in a recent letter that stakeholder capitalism is not “woke,”  because capitalism is driven by mutually beneficial relationships between businesses and their stakeholders, a shift from 2019 when he wrote his « profit and purpose letter ».

FTI Consulting Resilience Barometer® Reveals Businesses Lack Expertise Needed to Navigate ESG

February 02, 2022

The January 2022 FTI Consulting Resilience Barometer®, which surveyed senior executives from more than 3,300 large companies across G-20 countries, broke down the effects of ESG on businesses, finding that despite increased spending on environmental, social and governance (“ESG”), two-thirds of companies remain unprepared and under-resourced to withstand scrutiny, potentially exposing them to additional risk.

Veldhuis and Clemens: Stakeholder Capitalism and ESG’s Road to Socialism

January 25, 2022

Niels Veldhuis and Jason Clemens writing in the Financial Post argue that the trends of ESG (environment, social, governance) and stakeholder capitalism movements diminish economic freedom and push towards a new brand of socialism.

Bebchuk and Tallarita: The Illusory Promise of Stakeholder Governance

Cornell Law Review

January 19, 2022

Lucian A. Bebchuk and Roberto Tallarita, writing in the Cornell Law Review, address the growing concerns of the effects of stakeholder capitalism on corporations, assessing it as an inadequate approach to addressing stakeholder concerns.