In its 2020 Global and Regional Corporate Governance Trends report, the Harvard Law School Forum on Corporate Governance and Financial Regulation identified a shift in priorities for many businesses in this area.įar from being a form of moral posturing, corporate governance can help organisations achieve regulatory compliance This purpose can take any number of forms, but increasing the focus on environmental, social and governance (ESG) issues is likely to prove essential. In the year ahead, the companies that truly have a grasp on corporate governance issues will convey to all their stakeholders – investors, employees and customers – that they are working with a sense of purpose that is greater than profit.
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The businesses that have been included in the World Finance Corporate Governance Awards 2020 understand this better than most. Far from being a form of moral posturing, corporate governance can help organisations achieve regulatory compliance, retain their best members of staff and attract new customers. However, it is not the only imperative that firms are following: good corporate governance comes in many forms, and businesses all over the world are realising how essential it is to long-term success. Today, environmentalism is a strategic goal for many organisations. The award recognises the impact that Thunberg has made in bringing the climate crisis to a wider audience – an audience that now includes businesses, which are well aware that many customers will no longer put up with firms that prioritise profit over the planet.
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In 2019, Time magazine named Greta Thunberg, a young climate activist from Sweden, as its Person of the Year.