In boardrooms from Washington to Brussels to Tokyo, the governance story this week is about tension and convergence.
Tension: The EU is scaling back the reach of its sustainability and due diligence rules, while the US is turning up the political heat on proxy advisors over ESG and DEI. At first glance, it looks like a retreat from “peak ESG.”
Convergence: At the same time, cyber and AI are becoming explicit board-level responsibilities; African and South African codes are hard-wiring sustainability into governance; and investors are more vocal than ever on executive pay and board accountability.
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