Board Committee Charters and ESG Accountability

Increasing corporate focus on environmental, sustainability, and governance (“ESG”) has prompted considerable criticism from across the ideological spectrum.  Those who disagree with that focus – viewing it as a breach of fiduciary duty and antithetical to profit maximization – have sparked a so-called “anti-ESG” movement.  But even those who believe that ESG aligns with shareholder value and the best interests of the corporation raise concerns, especially about how best to ensure that corporate ESG commitments are  not merely rhetorical, greenwashing, or a passing fad.  To shed light on these concerns and gain perspective about the potential illusory or short-term nature … Read more