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Council on Foreign Relations (December 27)

2023/ 12/ 28 by jd in Global News

Development and deployment of artificial intelligence (AI) continues to proceed at an exponential rate. Its rise “could mirror previous technological revolutions, adding billions of dollars worth of productivity to the global economy while introducing a slew of new risks that could upend the global geopolitical order and the nature of society itself. Managing these risks will be essential, and a global debate over AI governance is raging as major powers such as the United States, China, and European Union (EU) take increasingly divergent approaches toward regulating the technology.”

 

New York Times (August 17)

2023/ 08/ 18 by jd in Global News

“The political fight over environmental, social and governance investing continues in corporate America,” though opponents appear to be “making little headway in the boardroom.” During the first six months of 2023, Morningstar “tracked 43 anti-E.S.G. shareholder proposals,” finding that “on average they received only 7 percent support, compared with more than 30 percent across all proposals.”

 

Newsweek (May 11)

2023/ 05/ 11 by jd in Global News

“Business leaders are particularly enthralled by AI’s growing capabilities,” but the general public is unsold. “Two-thirds of American adults—across all income and education levels—don’t trust generative AI and believe it presents a threat to humanity.” The urgent challenge must be addressed. “As was the case at the dawn of the nuclear age, we all have a role to play in demanding governance of this new technology. Scientists, along with society more generally, have made it clear that now is the time.”

 

Institutional Investor (September 23)

2022/ 09/ 23 by jd in Global News

“The pushback against environmental, social, and governance investing by red state politicians isn’t yet slowing down many asset managers’ expansions into strategies that have been among the most popular in recent years.” There is “no doubt the anti-ESG movement is gaining traction and could disrupt the industry,” but it’s still “business as usual” for “many global managers targeting investors in the U.S.”

 

New York Times (June 26)

2021/ 06/ 28 by jd in Global News

“The ouster of the chairman, Osamu Nagayama, 74, represents a major win in a battle between Toshiba and foreign investors who have pushed the conservative company to clean up its governance. It is also a breakthrough in a broader effort to increase investor oversight of Japanese corporations, following a series of government-led changes meant to make companies more transparent and accountable.”

 

The Street (December 1)

2020/ 12/ 02 by jd in Global News

To promote diversity and better governance, Nasdaq has proposed new rules that “would require companies to appoint at least two diverse directors on their boards or explain their rationale for not meeting that objective.” Before submitting its proposal to the SEC, Nasdaq analyzed over “two dozen studies that found an association between diverse boards and better financial performance and corporate governance.”

 

The Economist (October 27)

2018/ 10/ 29 by jd in Global News

“Blind adherence to ESG criteria… could skew capital flows towards the most privileged parts of the world. That would make it harder for poorer economies to escape poverty—a failure that could, in turn, inhibit their progress on green, governance and social-justice matters.” For this reason, Charlie Robertson and others are arguing that “ethical investors should instead adopt a kind of economic relativism, judging countries relative to their GDP per person.”

 

Nikkei Asian Review (March 15)

2018/ 03/ 16 by jd in Global News

“Japan Inc. still clings to outdated norms like seniority-based promotion and pay. Women still generally face more ‘non-regular’ job offers than full-time ones. Tokyo’s governance upgrades are no match for opaque practices that fueled false-data scandals at Kobe Steel, Mitsubishi Materials, Toray Industries and elsewhere.”

 

The Economist (December 9)

2017/ 12/ 11 by jd in Global News

“Under President Jacob Zuma, the state is failing. Contracts are awarded through bribes and connections; ruling-party members murder each other over lucrative government jobs; crooks operate with impunity.” South Africa’s “people deserve better” than the Zuma corruption or his wife who now seeks to replace him as President. “The rainbow nation still has the potential to be a beacon of prosperity and good governance in Africa, but memories of its hopeful birth are a melancholy counterpoint to its dark present. The best chance for recovering that optimism is a victory for Mr Ramaphosa.”

 

Bloomberg (April 4)

2017/ 04/ 06 by jd in Global News

“Now could be the time for foreign investors to return to Japanese equities, according to Goldman Sachs. Corporate governance reforms, a recovery in domestic demand and the strong performance of local stocks in U.S. dollar terms are all potential catalysts that may lure foreigners back.”

 

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