30 years: Boards & governance
In this video, Karina talks about the emergence of ‘S’ or the ‘social’ component in the commonly used ESG acronym and how it has become central to governance and stewardship.
In this video, Karina talks about the emergence of ‘S’ or the ‘social’ component in the commonly used ESG acronym and how it has become central to governance and stewardship.
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