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This report examines the transition from Milton Friedman's shareholder primacy to a multi-stakeholder approach.
Chris Blyth · Venture InsightsPeriod: September 20198 min read
Last updated
Proportion of Australian professionally managed assets in responsible investments (2018)
Total Australian Responsible Investment AUM (Dec-18)
This report analyses the shift in corporate governance following the Business Roundtable's 2019 revision of the 'Statement on the Purpose of a Corporation'. It explores the inherent flaws of shareholder primacy, such as short-termism and negative externalities, while highlighting the growth of responsible investment. With 55% of Australian professionally managed assets now classified as responsible investments, the brief argues that technology companies and boards must adopt inclusive models to ensure long-term viability in the Information Age.
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stakeholder implications · PDF download
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