File Attachment(s) Reserve for IOD Member Only CG News Updated Vol. 5 [ 461.83 kb. ] Boardroom Flash Vol. 5/2018 Companies Targeted Over Gender Balance [ 418.87 kb. ]

CG News Update

Companies Targeted Over Gender Balance

Legal & General Investment Management has ratcheted up the pressure on U.K. boardrooms when it comes to pay, diversity, and sustainability, BBC News (April 17, Jack) observes. Legal & General, which manages nearly £1 trillion worth of assets, has pledged to vote against the re-appointment of chairs of the U.K.'s 350 largest public companies if females do not comprise at least 25 percent of the board. Corporate governance has garnered increased public and political attention since the recent collapse of the U.K.'s...(More details click)

The Relevance of Sustainability Performance to Board Risk Oversight

As discussions of sustainability move beyond financial performance, they tend to spawn divergent views. Many frame the term as what constitutes responsible behavior in driving continued development and growth without deteriorating the environment, depleting natural resources, or creating conditions that destabilize the economy and vital social institutions. Still others prefer to cleave to the traditional view of the corporation and remove external stakeholders and the environment all together to focus solely on the sustainability of the business and its profits.
The type of short-term thinking applied when formulating policy and the kinds of long-term thinking driving sustainability development discussions are like oil and water, and looking to the business world, short-termism on the part of senior management is a sustainability killer. Without a long-term outlook in both the private and public sectors, the sustainability discussion will continue to be over before it begins. (More details click)

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