The list of environmental, social, and governance (ESG) issues that can pose financial risks to corporations exploded in 2020: climate change, water scarcity, pollution, #metoo, #blacklivesmatter, worker welfare, employee diversity, corruption, human rights abuses, supply chain scandals…not to mention Covid-19. Yet while many investors and chief executives now take ESG seriously in their decision making, one powerful constituency is lagging: corporate boards.
Recent research — including studies conducted by us and former MBA students Jamie Friedland and Ellen Knuti at…
