Published online by Cambridge University Press: 30 October 2020
For the financial sector to play its necessary, supportive role in a more sustainable economy, with less resource-intensive and more resilient growth, enduring change is needed in the sector’s system of values, beliefs and behaviours. This represents an opportunity for all players in the financial industry to reinstill a positive purpose in their role in society at large. The rules of engagement of any system are based on implicit or explicit governance principles and driven by leadership actions. This chapter explores three aspects of governance principles. First, the requirements of education, training and qualifications in respect of sustainability issues for leaders and finance professionals, to enable them to take into account the relevant and material environmental, social and governance risks and opportunities affecting their business. Second, the changes needed in the governance framework of financial institutions, with a particular focus on the concept of stewardship. Third, the necessary modifications to director duties in general, so that the intended stewardship action can be effective in rendering the real economy more sustainable over time.
To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.
Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
Find out more about the Kindle Personal Document Service.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.
To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.