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Boards of directors are intended, both in healthcare and in other sectors, to exercise corporate governance over public and private corporations [ 1].
Rather, it means identifying organisations whose behaviour, on balance, shows evidence of a willingness to exercise corporate responsibility.
UNICEF seeks alliances with those in the business community whose behavior, on balance, demonstrates a willingness to exercise corporate social responsibility.
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The most extreme example of this is South Korea, but in Europe, too, many families use foundations or investment vehicles to keep control.Business families have developed ways of exercising corporate power, such as control pyramids and dual-class shareholdings, that go far beyond their formal ownership.
Faraway corporations can avoid lawsuits in places where jurors will fairly evaluate their conduct by exercising corporate responsibility.
"Shareholders are entitled to exercise their corporate governance rights and elect a board of directors of their choice," said the committee chairmen, Van Greenfield of Blue River Capital and Leonard Tow, chairman of Citizens Communications.
He and his heirs can exercise more corporate power post-IPO than when it was private.
A female worker from Nicaragua recently spoke of how her employer, a Taiwanese company, exercises its "corporate social responsibility" with an internal code of conduct displayed some 20 feet up a wall and written in Chinese.
Predictably, the loss of trust in corporate oversight has produced two inevitable responses: lawmakers and regulators push stronger regulation, while activist shareholders strive to exercise greater influence over corporate governance.
Davos is, fundamentally, an exercise in corporate speed-dating.
But it did resonate as an exercise of corporate power.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com