SOCIETY CHANGES BY increments and it is relatively easy in a free society to ratchet change by framing progression as benign, necessary and inevitable. Sometimes it is, although often low-grade thinking accepts regulatory change as mainstream without considering whether it is desirable.
Corporate governance has spent recent years worrying about its own versions of the woke tsunami drenching our culture. Environmental, Social and Governance (ESG) came first, more than 30 years ago, as regulations on what you can and cannot do on an operational level, especially regarding pollution, chemicals, the control of health and safety and a certain degree of community stakeholder engagement. This has been mainly for the good.
However, corporate governance is stuffed with lawyers and the sort of middle management executives who do not have responsibility for…
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The Critic (Digital) - 1 Issue, November 2022