New Living Cases on Corporate Governance
This open-access book contains a selection of corporate governance “living cases” developed and compiled by chief executive officers, board members, and managing directors in various countries, working closely with leading academics. Each case addresses a current problem facing a particular company or institution. For each case, the objective is formulated by the researcher in consultation with the client. Participants in internal or external board seminars or university students then work in teams to analyze the problem, develop an innovative and feasible solution, and summarize the key findings.
- Board Views
From Corporate Governance of Sustainability to Sustainable Corporate Governance
What is the best way to integrate sustainability into the corporate governance framework? Boards of directors have chosen two distinct paths: the functional way, which focuses on corporate governance of sustainability, and the foundational approach, which leads to sustainable corporate governance. This article assesses the merits and limitations of both approaches and calls for a transition to sustainable governance. This requires board members to engage regularly with stakeholders and to continuously debate the underlying assumptions to further develop the governance framework as required.
- Board Views
The Multipurpose Corporation as a Driver for Sustainable Value Creation
The nature of the debate on the role of business in society strongly suggests a cyclical nature, with constant attempts to balance different interests and perspectives. To overcome the illusion of solving this conundrum, this article proposes an alternative approach, multipurpose capitalism. It posits that companies should compete not only on their products and services, but also on their different purpose profiles. It is left to consumers, workers, and investors to decide where to shop, work, and invest. The article offers a framework and methodology to create a comprehensive ecosystem that enables this matching process and suggests ways to overcome the challenges along the way.