Past distinctions between ‘society’ and ‘the market’ are blurred in ways that present new challenges. Customers, employees, and investors raise an increasingly loud voice, insisting that firms and their leaders take concrete steps towards alleviating social tensions and imbalances – both those predating and those exacerbated throughout the Covid-pandemic.
Observations
Nov 10, 2023As reported in the Financial Times, a recent study by BlackRock found that companies with more gender-balanced workforces outperformed their less-balanced counterparts by up to 2 percentage points annually between 2013 and 2022. The study examined data from approximately 1,250 major companies in the MSCI World index that reported gender diversity figures.
Observations
Sep 21, 2022Wells Fargo has retained Washington-based law firm Covington & Burling to conduct an independent racial-equity audit. The need for the audit surfaces as Well Fargo navigates several culture concerns with racial overtones. The bank plans to publish the results of the audit by the end of the year.
Observations
Sep 19, 2022
