Of course the much publicised Business Roundtable declaration has not fundamentally changed business. It was a sign that #ShareholderPrimacy strongholds were showing some cracks. But it was no serious #corporatesustainability commitment. Did anyone think that it was? 1/4 https://twitter.com/narineweldon/status/1249832671376814080">https://twitter.com/narinewel...

Although individual CEOs may sincerely wish to change things for the better, isn& #39;t it likely that a main reason for the Business Roundtable statement was to stop Elisabeth Warren proposal? It& #39;s the age old & #39;don& #39;t regulate us and we will be nice& #39; argument from business. 2/4

We have a decade of multijurisdictional comparative analysis showing that #shareholderprimacy is a fundamental barrier to sustainable business. It has proven stronger than competing social norms. 3/4 @lawsofrule https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3444050">https://papers.ssrn.com/sol3/pape...

#CompanyLaw needs to redefine #corporatepurpose & #board duties to give the competitive advantage to sustainable business & a level playing field for the transition to #sustainability. More important now than ever. #EUGreenDeal #COVID19 #SMARTproject 4/4 https://www.smart.uio.no/reform_proposals">https://www.smart.uio.no/reform_pr...