This article establishes a new basis for examining the participation, mobilisation and impact of investors at a time when market-based activism for social change is rising in prominence. Existing terminology describing the expression of political values through investment decisions lacks conceptual clarity. Political participation by shareholders and other investors is variously described as shareholder activism or socially responsible investment, and currently conceptualised under the banner of political consumerism. However, this term fails to capture the unique political role and diverse actions of investors. We put forward ‘political investorism’ as a cohering term for investment-based political participation to remedy existing conceptual confusion, to distinguish between investors and consumers as political actors and to set an agenda for the future study of market-based activism. This article defines and develops the concept of political investorism, drawing upon illustrative cases from Australia to identify hallmarks, actors and tactics of this form of political participation.O’Brien et al. - 2022 - Political investorism Conceptualising the politic
Modern slavery and worker exploitation are severe types of exploitation that can be found both internationally and in New Zealand. To address these behaviours, significant collaboration between government agencies as well as civil society, corporations, trade unions, academics, and international partners is needed.
The New Zealand Government sought feedback on a new law aimed at addressing modern slavery and worker exploitation in New Zealand and around the world. The law would introduce new obligations for organisations with operations and supply chains in New Zealand. Below is a submission made by academics and representatives from civil society that work on modern slavery and labour exploitation.Consultation on Modern Slavery and Worker Exploitation - Bhakoo, Boersma, McGaughey, Nolan, Sinclair
Two years into its operation, close to 4,000 statements have now been published on the government’s modern slavery register. Yet the extent to which the legislation is transforming business practices or making a tangible difference to the lives of workers remains highly uncertain. This report analyses 102 company statements published in the first reporting cycle of the MSA, to evaluate how many companies are starting to implement effective measures to address modern slavery and how many are lagging.
This report is part of a two-year collaborative research project by academics and civil society organisations aimed at improving responses to modern slavery and access to remedy for affected workers.Paper Promises
There’s a good chance the device on which you are reading this contains cobalt. It’s an essential metal for batteries in phones and laptops. There’s also a chance the cobalt was mined by slaves. Continue reading Can Blockchain help to break the chains of modern slavery?
The Oxford Handbook of the Corporation assesses the contemporary relevance, purpose, and performance of the corporation. The corporation is one of the most significant, if contested, innovations in human history, and the direction and effectiveness of corporate law, corporate governance, and corporate performance are being challenged as never before. Continuously evolving, the corporation as the primary instrument for wealth generation in contemporary economies demands frequent assessment and reinterpretation.
Read chapter 13: “Global Corporations and Global Value Chains – The Disaggregation of Corporations? on Google Books.
Westpac was named the most sustainable company in the world in 2014, and the most sustainable bank in the world for the 10th time in 2017, an honour previously bestowed on ANZ six times in seven years.
Glossy sustainability reports with images of hands cradlings sprouting plants illustrate this carefully cultivated image of responsible corporate citizenship.
Medibank Private, Mirvac Group, DUET Group, Spark Infrastructure and Woolworths are among the top ASX 100 companies for appointing women to boards, a new report says.
Some of the worst in the same index include TPG Telecom and Qube Holdings, with no female board members. Westfield had one woman on its board out of 12 spots and Oil Search has one out of nine, the Catalyst think tank report released on Tuesday shows.
“Empowerment of the world’s women is a global imperative,” UN Secretary General Ban Ki-moon said at the 2016 World Economic Forum. Although the worldwide trend to promote equal opportunities has also impacted Australia, progress in the corporate world is slow and a change in pace is required. Improving disclosures is a good place to start.
In 2010, the ASX Corporate Governance Council made several amendments to its Corporate Governance Principles and Recommendations. The most prominent change was that companies should publicly disclose the number of female directors, senior managers and total number of women in the workforce, as well as progress against diversity objectives established by the board.
New research by Catalyst Australia finds that ASX50 listed companies – Australia’s largest companies and industry leaders – tick all the gender reporting boxes. But while some progress is made concerning women on boards, facilitating the career advancement of women into executive positions remains a problem area.
Likewise, while ASX50 companies do refer to pay equity, our research finds their disclosures are limited and often do not include figures for management or the workforce.
This paper seeks to assess how the international banking community is building sustainability into corporate strategies; how effectively these strategies are being implemented; how sustainability is being embedded into key business processes and decisions; and how sustainability principles are reflected in reporting. It presents an assessment of the sustainability performance of banks using a range of frequently used indicators, while also scrutinizing the indicators by examining the extent to which they effectively measure the performance and commitments of banks. While many banks achieve high scores on these indicators, there is evidence that there are significant flaws which are not adequately addressed.