How does the subject of business sustainability impact the boardroom?
Minneapolis corporate governance attorney, John Stout, reflects on how boards deal with sustainability.
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If you’re a person who believes in the Zodiac signs business sustainability is definitely a moon rising. This subject will change the way we look at and boards look at corporations in the next 5 to 10 years, maybe in some ways the way the internet changed the way we’re doing business. And it goes; it speaks to the long-term viability of business models and business conduct. And it’s a perspective, which is increasingly in demand by shareholders and other stakeholders. And it’s an antidote, I think, to the short termism that infects a lot of corporate thinking. So I think we’ll see because boards are the overseer of corporate strategy business sustainability have a really significant impact on corporate strategy over the next several years.