ArticleECGI Working Paper Series in Law

For Whom Is the Corporation Managed in 2020?: The Debate over Corporate Purpose

This paper revisits the longstanding debate over corporate purpose, examining tensions between shareholder primacy and stakeholder-oriented governance models, with a focus on legal, financial, managerial and political dimensions of this question.

In a thorough discussion of fiduciary duty, Rock argues that there are many misconceptions. For example, he states, "It is simply incorrect to claim that Delaware law requires directors to maximize the short term stock price when they believe that long term projects will be more valuable." Rock also points out that current debates over shareholder primacy arose due to the weakening of other vehicles -- such as legislation or tax policy -- for addressing society's or other stakeholders' interests. 

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VideoCorporate Political Responsibility Taskforce
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VideoCorporate Political Responsibility Taskforce
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VideoCorporate Political Responsibility Taskforce
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ReportCenter for Political Accountability

A comprehensive evaluation of corporations that gave significant amounts of money to politicians in key swing states that supported or introduced legislation aimed at voter suppression.

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VideoCorporate Political Responsibility Taskforce
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VideoCorporate Political Responsibility Taskforce
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VideoCorporate Political Responsibility Taskforce
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VideoCorporate Political Responsibility Taskforce
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VideoCorporate Political Responsibility Taskforce
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ReportWorld Benchmarking Alliance

Deep analysis of how to incorporate CPR into financial institutions, with a benchmarking proposal to drive successful market signaling initiatives. (See pg 3-20)

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VideoCorporate Political Responsibility Taskforce
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ArticleHarvard Business Review

This article urges companies to actively reduce the polarization that can impact their businesses, by carefully considering their public stances, promoting inclusivity, and fostering collaboration across differing viewpoints within their organizations and communities.

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VideoCorporate Political Responsibility Taskforce
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VideoCorporate Political Responsibility Taskforce
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VideoCorporate Political Responsibility Taskforce
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VideoCorporate Political Responsibility Taskforce
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ArticleForbes

This article argues that Modern Portfolio Theory falls short in today’s interconnected and complex risk landscape, calling for “system-level investing” that integrates social, environmental, and economic factors to boost long-term resilience and sustainability.

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BookHarvard Business Review Press

Introduces the concept of “net positive advocacy,” which involves working with partners to advocate for policy that supports systemic solutions and net positive outcomes for all competitors. This requires courage and a shift in mindset, but actually helps de-risk both sustainable business strategies AND political interactions for companies. Their Readiness Test tool provides a useful conversation starter about the change in mindset required.  

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VideoCorporate Political Responsibility Taskforce
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BookRealClear Publishing

This book shares the results of Diane Hessan's weekly interviews with 500 voters from every state, of every age and ethnicity, and along different points of the political spectrum. The topics ranged from race to guns, from character to party politics, from masks to rallies, from the Supreme Court to the pandemic to immigration and climate change. She finds that Americans have more common ground than they realize, but that they need new approaches to listening and understanding each other.

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