The Governance Center recently published our next installment of the Job of the Corporate Director series with findings of hedge funds' perspectives on the corporate director's job description. Interestingly, many activist hedge fund managers believe their directors should behave on boards as if they own the whole company. This challenges the view that directors have a duty to act in the interest of all shareholders, not just the ones with interests that are identical to the hedge fund that put them on the board. See the report for more provocative insights.
Another interesting report I'd like to highlight in this newsletter is on ESG Rating and Ranking Initiatives, as it offers steps for companies to manage their ESG reporting workload. I think you will find it helpful.
Please see below for more insights, recent work, and upcoming activities from the Governance Center.