A New Model For Corporate Governance…With Teeth!

Yesterday, Andrew Ross Sorkin of the NYT published a story on BlackRock CEO Larry Fink’s letter to major corporations in which he states, “Society is demanding that companies, both public and private, serve a social purpose…to prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society.”

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Will New Pay Ratio Disclosure Lead to “Public Infamy?”

The discussion of how much leaders should be paid in comparison to their workers is an old one, as pointed out by former compensation consultant Graef Crystal, “Plato told Aristotle no one should make more than five times the pay of the lowest member of society. J.P. Morgan said 20 times. Jesus advocated a negative differential — that’s why they killed him.”

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Investors ask Mohawk, Interface, and Shaw to deliver on strong recycling goals

More than 30 institutional investors with combined assets of $50 billion are asking three leading U.S. carpet manufacturers to make good on previous promises to recycle a substantial amount of discarded carpet. A letter from As You Sow on behalf of 33 investor firms and groups asks Mohawk Industries, Interface Inc., and Shaw Industries Group to redesign carpet...

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Vanguard’s Quarter-Trillion in Fossil Fuel Investments

Vanguard is one of the world’s largest asset managers, handling the retirement savings of millions of Americans. Its mission is to help people save for the future. At the same time, it’s playing a major role directing billions in funding to carbon polluters — companies maintaining and expanding the fossil fuel infrastructure that threatens to make the future uninhabitable.

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Breaking Inertia’s Magical Power: Can companies like FirstEnergy change their ways?

Beyond physics, Merriam-Webster describes inertia as, “indisposition to motion, exertion, or change.” We all know that if you’ve been doing anything a certain way for a long time, it can be hard to let go. But at some point, outside forces can become strong enough to alter a course, and the earlier that new course is accepted, the easier a transition can be.

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