SFI Roundups: Corporate Governance at the Crossroads

The consensus on corporate governance has broken, and the primacy of shareholder value is being questioned as ESG concerns increasingly take pride of place. Fifty years ago, Nobel Laureate Milton Friedman stated that the social responsibility of the corporation is to maximize profits. Until recently this doctrine reigned supreme in the corporate and investment worlds, and the principle that companies should maximize shareholder value was widely accepted. But determining what objectives companies should pursue nowadays is by no means trivial. In this SFI Roundup, experts from both academia and industry discuss what lies beyond the shareholder value model.

Discover the research insights into this topic from SFI Prof. François Degeorge, USI, SFI Prof. Jean-Charles Rochet, UNIGE, and SFI Prof. Alexander F. Wagner, UZH, as well as the practical insights from Fiona Frick, Chief Executive Officer of Unigestion, Dr. Romeo Lacher, Chair of the Board of Directors of Julius Baer Group and Bank Julius Baer, and Dr. Monica Mächler, member of the Board of Directors of Zurich Insurance Group and Zurich Insurance Company, and a member of the Board of Directors of Cembra Money Bank, in our most recent issue.

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