How corporate governance is changing
Wharton finance professor Luke Taylor spoke on social responsibility and shareholder obligation during a November 16 panel discussion titled “Redefining Corporate Governance,” part of the ongoing Beyond Business series, which explores the most complex and pressing issues affecting organizations and individuals around the world. “My view is that companies should not be maximizing shareholder value. Instead, they should be maximizing shareholder welfare. There’s a difference there because shareholders may care about more than just profits.”
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