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:
In the face of recent opposition addressed to the EU Commission by some business associations and specific governments from Nordic Europe, NGOs have reiterated their support for the European Commission commitment to present an initiative on Sustainable Corporate Governance in 2021, following the roadmap set in the EU Green Deal and the Action Plan on Sustainable Finance.
As part of the reform of the EU Non-Financial Reporting Directive, the European Commission plans to develop mandatory EU sustainability reporting standards. The analysis of the non-financial reports of 1000 European companies by the Alliance for Corporate Transparency has proven how companies fail to report relevant, specific and comparable information. While this is true for all sustainability matters, it is particularly exacerbated in the case of corporate impacts and risks along the supply chain.
The European Court of Justice has ruled that mining at Poland’s sprawling Turów coal mine must cease while the court processes a Czech government lawsuit against Poland for illegally operating the mine. The Polish mine pushes right up to the Czech and German borders and is depleting people’s water supplies and undercutting houses in nearby communities.
