From primacy to purpose commitment: How emerging profit-with-purpose corporations open new corporate governance avenues

Levillain, Kévin; Segrestin, Blanche

doi:10.1016/j.emj.2019.07.002

Cited by 45 publications

(41 citation statements)

References 43 publications

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“…Moreover, in France, the United Kingdom and the United States, it has already been written into law that a corporation must be managed while bearing in mind the social and environmental impact produced by its activity, and to do so, the entity must define its social or environmental purposes in its by-laws ( Segrestin et al, 2020 ). Even though the usefulness of formally incorporating purpose into the constituent documents of corporations has been demanded ( Lin, 2019 ), there is a risk of reducing the capability that an organization needs in order to adapt to the evolution of society, which would lessen the control it could exercise due to having a purpose that has already been defined ( Levillain and Segrestin, 2019 ).…”

Section: Introductionmentioning

confidence: 99%

The Corporate Purpose of Spanish Listed Companies: Neurocommunication Research Applied to Organizational Intangibles

2020

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Purpose driven companies have developed their corporate culture with a commitment to stakeholders, Sustainable Development Goals, and social responsibility, prioritizing the management of organizational intangibles over capital. The overall objective of this research is to gain knowledge regarding the attention and emotional intensity registered by young Spanish university students when visualizing corporate purpose versus corporate visual identity, as well as the image of the Chairman of the main Spanish companies quoted on the IBEX 35. The techniques of eye tracking and galvanic skin response have been used with 31 Spanish university students. The results suggest that brands with the highest brand equity in the Interbrand (2019) ranking are also the ones that receive the highest levels of attention and emotional arousal, and that a wellformulated corporate purpose is not enough to satisfy the public if company credibility is low due to previous perceptions of an organization.

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Section: Introductionmentioning

confidence: 99%

The Corporate Purpose of Spanish Listed Companies: Neurocommunication Research Applied to Organizational Intangibles

2020

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“…https://doi.org/10.1051/e3sconf/202127310037 [32][33][34][35][36]. During budgeting, budgets for the upcoming period, reports on their implementation for the past time are prepared, and the planned and actual indicators are compared.…”

Section: Discussionmentioning

confidence: 99%

Corporate finance in the system of economic analysis management and intensification

et al. 2021

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The study of the issues of assessing the indicators of efficiency and intensification of finance in the activities of corporations operating in modern economic conditions is necessary and relevant. The research was conducted in order to identify a group of financial and economic indicators for assessing the financial efficiency of the corporation. In the course of the research a toolkit was developed, which is a group of indicators that allow corporations to analyze financial and economic activity in generalized and detailed forms. When selecting the resulting and factor indicators of efficiency and intensification, the author's position was based on taking into account the current economic situation, namely, the multiprofile activities of corporations (within and outside the state borders) and the high proportion of borrowed capital for business processes in the core and non-core types of entrepreneurship. The objects of the study in generalized and detailed forms were direct and indirect profitability. They refer to the resulting indicators of efficiency, calculated by comparing the profit and consumed capital. The formed indicators fully correspond to the modern economic situation and the economic nature of the categories of «efficiency» and «intensification». With their use it is possible to calculate the dependence not only between the resultant and factor indicators, but also to analyze the interaction of the factor indicators themselves. These factor indicators meet all the economic postulates and are fully adapted to the generally recognized economic requirements, in particular, financial and economic and financial management. The proposed approach will help to maximize the financial benefits through an objective analysis of the effectiveness and intensification of economic operations.

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“…Increasing warning signs concerning the financial consequences of climate change, as well as of social inequality across and within countries, may signal a change in the mainstream perception of the role of the corporation and of their boards (Levillain and Segrestin 2019). The financial risks of ignoring the impacts of operating in an unsustainable manner have the potential for bringing sustainability full circle into the core of profit-seeking purpose of the corporation (Sjåfjell 2018).…”

Section: Risk Managementmentioning

confidence: 99%

Questions that board directors should be asking about emerging governance issues and risk: a practitioner’s view and implications for the extractive industries

Guerin¹

2021

Miner Econ

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This article synthesises and highlights outcomes from a governance and risk forum that identified emerging risks for businesses and organisations. A governance framework is first presented followed by a discussion of recent developments in relation to elements of the framework as part of a mini-review of the literature. Emerging risks and opportunities around the changing nature of work, corporate culture, blockchain and cyber security were highlighted, with a particular emphasis on climate-related risks. Key questions to ask as a non-executive director or governance and risk committee members regarding these risks include could our sector or organisation be impacted by these emerging risks and opportunities? What could be the implications if these risks were to materialise and to what extent will our current business and operating model be impacted? How could our organisation be seizing the opportunity created by the pending changes in these areas? The findings and implications of the governance and risk issues are highlighted for the extractives sector and are especially important as the extractive sector faces challenges in its transformation. The study is novel as it highlights insights from the practitioner perspective of governance which is not captured in the literature. Recommended remedies for each risk are provided, and businesses are advised to undertake a focused review of non-financial risks, including corporate or organisational culture.

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From primacy to purpose commitment: How emerging profit-with-purpose corporations open new corporate governance avenues

Cited by 45 publications

References 43 publications

The Corporate Purpose of Spanish Listed Companies: Neurocommunication Research Applied to Organizational Intangibles

The Corporate Purpose of Spanish Listed Companies: Neurocommunication Research Applied to Organizational Intangibles

Corporate finance in the system of economic analysis management and intensification

Questions that board directors should be asking about emerging governance issues and risk: a practitioner’s view and implications for the extractive industries

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