The financial crisis led to an upsurge in regulation, ranging from capital adequacy to conduct rules. The shareholder-first approach is being subsumed into a multi-stakeholder approach. Hedge fund Chanos is shorting gig economy companies such as ride-hailing app Uber and online food-delivery platform Grubhub. It is betting that there is going to be a greater political focus on low-wage, precarious workers. Many financial services companies are looking to cut their real estate footprint due to the permanent shift to increased home working.
Key learning objectives:
Understand the evolution of Governance and Stewardship
Outline the tax reforms of ESG
Explain the social aspect of ESG