The collaboration between the Purpose of the Corporation Project led by Frank Bold and the Modern Corporation Project run by Jeroen Veldman and Hugh Willmott from Cass Business School has won the 2019 International Impactful Collaboration Award.
The award given by the Practice Theme Committee (PTC) and the International Theme Committee (ITC) of the Academy of Management recognises international collaborations between academics and external stakeholders that have achieved demonstrable, external impact.
The partnership identified a growing sense of urgency on the link between corporate governance theory, practice and institutions and the materialization of significant corporate, social and systemic risks. By bringing together leading representatives from academia, civil society, regulators and practitioner communities, the awarded organisations built a platform that generates opportunities to develop relevant proposals for the reform of corporate governance and thus to engage with these risks.
You can read more about the award and the activities carried out by the partnership here:
Bucharest: The European Bank for Reconstruction and Development (EBRD) confirmed this week [1] that it has suspended plans to finance the refurbishment of the Turceni coal power plant in Romania [2]. The project is currently subject to a number of legal challenges on environmental grounds and Romanian authorities are investigating allegations of corruption at the plant.
The respect of human rights is the most fundamental value that we have as a society. Nevertheless, economic globalisation has lead to the massive exploitation of human rights in developing countries for the benefit of multinational enterprises (MNEs). The outsourcing and offshoring of production and services have had huge environmental and social costs.
The European Parliament approved last weekthe proposed college of Commissioners. Věra Jourová successfully faced the public grilling and will become the Commissioner for Justice, Consumers and Gender Equality. Due to the shift of competencies within the Commission, Ms. Jourová will have an opportunity to influence the governance and rules of the game for multinational corporations.
